AWIS WOOL MARKET REVIEW
Week Ending 21 October 2022 (Week 16) The AWEX EMI finished 52¢ higher (+4.1%) in Australian currency and 38¢ higher (+4.8%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 16. The changes in the EMI over the last two weeks add 88¢ in Australian currency and 18¢ in US currency. 34,180 bales were on offer nationally, compared with 31,023 bales last sale. 5.0% of the offering was passed in after 3.0% of the potential offering was withdrawn prior to sale. 32,482 bales were sold. AWEX reports that the value of the wool sold was $54.1 million ($1,666 per bale), taking the season total to $711.1 million ($1,609 per bale). The number of bales sold at auction this season is now 7.3% greater than in 2021/22. The New Zealand Merino Company also offered 1,227 bales in Melbourne on Wednesday, of which 10.7% were passed in.