AWIS WOOL MARKET REVIEW
Week Ending 9 September 2022 (Week 10) The AWEX EMI finished at 1319¢, 11¢ lower (-0.8%) in Australian currency and 33¢ lower (-3.6%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 10. 34,925 bales were on offer nationally, compared with 35,534 bales last sale. 10.0% of the offering was passed in after 3.6% of the potential offering was withdrawn prior to sale. 31,437 bales were sold. AWEX reports that the value of the wool sold was $50.2 million ($1,597 per bale), taking the season total to $423.7 million ($1,600 per bale). The number of bales sold at auction this season is now 18.6% greater than in 2020/21. The New Zealand Merino Company also offered 2,427 bales in Melbourne on Wednesday, of which 27.6% were passed in.