Week 14 Wool Market Report

AWIS WOOL MARKET REVIEW

Week Ending 8 October 2021 (Week 14) The AWEX EMI steadied after last week’s 31¢ fall in the EMI that was associated with the disruptions to energy supplies in China. This lead to an outcome where this week’s EMI finished 2¢ higher (+0.1%) in Australian currency and 12¢ higher (+1.2%) in US currency at sales in Sydney, Melbourne and Fremantle. 35,844 bales were on offer nationally, compared with 39,757 bales last sale. 10.8% of the offering was passed in after 6.2% of the potential offering was withdrawn prior to sale. 31,964 bales were sold. AWEX reported that the value of the wool sold was $54.4 million ($1,702 per bale), taking the season total to $555.3 million ($1,596 per bale). The number of bales sold at auction this season is now 26.6% greater than in 2020/21. The New Zealand Merino Company also offered 1,503 bales in Melbourne on Thursday, of which 7.5% were passed in.

AWIS Wool Market Review 8 October 2021 (Week 14)

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