Week 28 Wool Market Review

AWIS WOOL MARKET REVEW

Week Ending 14 January 2022 (Week 28) The AWEX EMI finished 31¢ higher (+2.3%) in Australian currency and 47¢ higher (+4.9%) in US currency when sales resumed after the mid-year break in Sydney, Melbourne and Fremantle in Week 28. 44,295 bales were on offer nationally, compared with 40,889 bales last sale. 7.3% of the offering was passed in after 3.5% of the potential offering was withdrawn prior to sale. 41,078 bales were sold. The offerings included significant volumes of crossbred offerings in the North and the South. AWEX reports that the value of the wool sold was $61.7 million ($1,502 per bale), taking the season total to $1.169 billion ($1,602 per bale). The number of bales sold at auction this season is now 19.7% greater than in 2020/21.

AWIS Newsletter 16 January 2022

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