Week 20 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 19 November 2021 (Week 20) The AWEX EMI finished 5¢ higher (+0.4%) in Australian currency and 9¢ lower (-0.9%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 20. 40,241 bales were on offer nationally, compared with 37,630 bales last sale. 9.1% of the offering was passed in after 5.8% of the potential offering was withdrawn prior to sale. 36,589 bales were sold. AWEX reports that the value of the wool sold was $59.3 million ($1,621 per bale), taking the season total to $882.8 million ($1,611 per bale). The number of bales sold at auction this season is now 26.9% greater than in 2020/21. The New Zealand Merino Company also offered 1,282 bales in Melbourne on Thursday, of which 8.8% were passed in.