Week 29 Wool Market Report

AWIS WOOL MARKET REVIEW Week Ending 21 January 2022 (Week 29)

The AWEX EMI finished 3¢ higher (+0.2%) in Australian currency and 5¢ lower (-0.5%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 29. The EMI is now 220¢ (18.8%) above its value of 12 months ago, but the gap continues to narrow. 46,256 bales were on offer nationally, compared with 44,295 bales last sale. 10.5% of the offering was passed in after 2.5% of the potential offering was withdrawn prior to sale. 41,399 bales were sold. AWEX reports that the value of the wool sold was $68.0 million ($1,643 per bale), taking the season total to $1.237 billion ($1,604 per bale). The number of bales sold at auction this season is now 17.1% greater than in 2020/21.

AWIS Wool Market Review 21 January 2022 (Week 29)

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