Week 48 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 3 June 2022 (Week 48) The AWEX EMI finished at 1414¢, 6¢ lower (-0.4%) in Australian currency and 5¢ higher (+0.5%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 48. 34,872 bales were on offer nationally, compared with 45,181 bales last sale. It was the smallest sale since Week 12 in the third week of September when 34,031 bales were offered for sale. 12.8% of the offering was passed in after 3.1% of the potential offering was withdrawn prior to sale. 30,398 bales were sold. AWEX reports that the value of the wool sold was $50.4 million ($1,658 per bale), taking the season total to $2.384 billion ($1,603 per bale). The number of bales sold at auction this season is now 8.6% greater than in 2020/21.