Week 23 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 10 December 2021 (Week 23) The AWEX EMI finished 14¢ higher (+1.0%) in Australian currency and 5¢ higher (+0.5%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 23. 38,106 bales were on offer nationally, compared with 39,577 bales last sale. 6.6% of the offering was passed in after 4.2% of the potential offering was withdrawn prior to sale. 35,608 bales were sold. AWEX reports that the value of the wool sold was $57.5 million ($1,615 per bale), taking the season total to $1.053 billion ($1,612 per bale). The number of bales sold at auction this season is now 21.1% greater than in 2020/21. The New Zealand Merino Company also offered 940 bales in Melbourne on Wednesday, of which 14.5% were passed in.