Week 15 Wool Market Reveiw

AWIS WOOL MARKET REVIEW

Week Ending 15 October 2021 (Week 15) The AWEX EMI finished at 1323¢, 16¢ lower (-1.2%) in Australian currency and 4¢ lower (-0.4%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 15. 40,069 bales were on offer nationally, compared with 35,844 bales last sale. 13.7% of the offering was passed in after 4.4% of the potential offering was withdrawn prior to sale. 34,565 bales were sold. AWEX reports that the value of the wool sold was $55.4 million ($1,603 per bale), taking the season total to $610.7 million ($1,606 per bale). The number of bales sold at auction this season is now 26.8% greater than in 2020/21. The New Zealand Merino Company also offered 748 bales in Melbourne on Wednesday, of which 15.9% were passed in.

AWIS Wool Market Review 15 October 2021 (Week 15)

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