AWIS WOOL MARKET REVIEW
Week Ending 29 October 2021 (Week 17) The AWEX EMI finished at 1333¢, 36¢ lower (-2.6%) in Australian currency and 24¢ lower (-2.3%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 17. 40,860 bales were on offer nationally, compared with 33,543 bales last sale. 20.9% of the offering was passed in after 5.2% of the potential offering was withdrawn prior to sale. 32,302 bales were sold. AWEX reports that the value of the wool sold was $51.5 million ($1,594 per bale), taking the season total to $717.9 million ($1,618 per bale). The number of bales sold at auction this season is now 24.1% greater than in 2020/21. The New Zealand Merino Company also offered 1,257 bales in Melbourne on Wednesday, of which 23.9% were passed in.