Week 13 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 1 October 2021 (Week 13) The AWEX EMI finished at 1337¢, 31¢ lower (-2.3%) in Australian currency and 29¢ lower (-2.9%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 13. 39,757 bales were on offer nationally, compared with 34,031 bales last sale. There was strong buyer resistance to the falls, in the market with 22.6% of the offering passed in after 4.5% of the potential offering was withdrawn prior to sale. 30,782 bales were sold. AWEX reports that the value of the wool sold was $53.5 million ($1,736 per bale), taking the season total to $500.9 million ($1,581 per bale). The number of bales sold at auction this season is now 25.9% greater than in 2020/21. The New Zealand Merino Company also offered 1,017 bales in Melbourne on Thursday, of which 14.5% were passed in.