Week 02 Wool Market Review

AWIS WOOL MARKET REVIEW

Week Ending 15 July 2022 (Week 02) The AWEX EMI closed at 1388¢, 19¢ lower (-1.4%) in Australian currency and 17¢ lower (-1.8%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 02. Sales are now in the annual mid-year three week break; and will resume in Week 06, commencing on 8 August. 55,210 bales were on offer nationally, compared with 48,860 bales in the last sale. 13.6% of the offering was passed in after 6.0% of the potential offering was withdrawn prior to sale. 47,689 bales were sold. AWEX reports that the value of the wool sold was $79.6 million ($1,669 per bale), taking the new season total to $147.7 million ($1,637 per bale). 2.3% more bales were sold in the first two weeks of the new season than in 2021/22.

AWIS Wool Market Review 15 July 2022 (Week 02)

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