AWIS WOOL MARKET REVIEW
Week Ending 23 September 2022 (Week 12) The AWEX EMI finished at 1279¢, 27¢ lower (-2.1%) in Australian currency and 25¢ lower (-2.8%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 12. 35,481 bales were on offer nationally, compared with 35,413 bales last sale. 13.4% of the offering was passed in after 3.4% of the potential offering was withdrawn prior to sale. 30,726 bales were sold. AWEX reports that the value of the wool sold was $49.3 million ($1,605 per bale), taking the season total to $524.1 million ($1,603 per bale). The number of bales sold at auction this season is now 15.5% greater than in 2021/22. The New Zealand Merino Company also offered 2,132 bales in Melbourne on Wednesday, of which 17.4% were passed in.