AWIS WOOL MARKET REVIEW
Week Ending 19 August 2022 (Week 07) The AWEX EMI was unchanged, in Australian currency and 19¢ lower (-2.0%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 07. 41,915 bales were on offer nationally, compared with 55,363 bales last sale. 9.9% of the offering was passed in after 4.8% of the potential offering was withdrawn prior to sale. 37,775 bales were sold. AWEX reports that the value of the wool sold was $62.6 million ($1,657 per bale), taking the season total to $275.4 million ($1,618 per bale). The number of bales sold at auction this season is now 18.9% greater than in 2020/21. The New Zealand Merino Company also offered 2,871 bales in Melbourne on Thursday, of which 5.3% were passed in.