Week 16 Wool Market Report

AWIS WOOL MARKET REVIEW

Week Ending 22 October 2021 (Week 16) The AWEX EMI finished 46¢ higher (+3.5%) in Australian currency and 56¢ higher (+5.8%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 16. 33,543 bales were on offer nationally, compared with 40,069 bales last sale. 5.6% of the offering was passed in after 4.3% of the potential offering was withdrawn prior to sale. 31,663 bales were sold. AWEX reports that the value of the wool sold was $55.8 million ($1,761 per bale), taking the season total to $666.4 million ($1,606 per bale). The number of bales sold at auction this season is now 26.0% greater than in 2020/21. The New Zealand Merino Company also offered 1,394 bales in Melbourne on Tuesday, of which 7.9% were passed in.

AWIS Wool Market Review 22 October 2021 (Week 16)

Read More