Week 34 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 25 February 2022 (Week 34) The AWEX EMI finished 1¢ higher (+0.1%) in Australian currency and 5¢ higher (+0.5%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 34. 45,350 bales were on offer nationally, compared with 48,990 bales last sale. 11.8% of the offering was passed in after 3.7% of the potential offering was withdrawn prior to sale. 40,004 bales were sold. AWEX reports that the value of the wool sold was $62.0 million ($1,549 per bale), taking the season total to $1.572 billion ($1,618 per bale). The number of bales sold at auction this season is now 13.0% greater than in 2020/21. The New Zealand Merino Company also offered 1,360 bales in Melbourne on Thursday, of which 15.1% were passed in.