Week 50 Wool Market Review

AWIS WOOL MARKET REVEW

Week Ending 17 June 2022 (Week 50) The AWEX EMI finished 29¢ higher (+2.0%) in Australian currency and 9¢ lower (-0.9%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 50. 35,572 bales were on offer nationally, compared with 31,097 bales last sale. 9.9% of the offering was passed in after 3.7% of the potential offering was withdrawn prior to sale. 32,053 bales were sold. AWEX reports that the value of the wool sold was $56.0 million ($1,747 per bale), taking the season total to $2.486 billion ($1,607 per bale). The number of bales sold at auction this season is now 6.5% greater than in 2020/21.

AWIS Newsletter 19 June 2022 (Week 50)

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