AWIS WOOL MARKET REVIEW Week Ending 28 January 2022 (Week 30)
The AWEX EMI finished 15¢ higher (+1.1%) in Australian currency and 12¢ lower (-1.2%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 30. The EMI is at its highest level in A$ since Week 02, when the closing value was 1428¢. It was also 49¢ (3.6%) above the pre-Christmas break in sales. 44,098 bales were on offer nationally, compared with 46,256 bales last sale. 8.5% of the offering was passed in after 4.6% of the potential offering was withdrawn prior to sale. 40,352 bales were sold. AWEX reports that the value of the wool sold was $65.7 million ($1,628 per bale), taking the season total to $1.303 billion ($1,604 per bale). The number of bales sold at auction this season is now 16.0% greater than in 2020/21.