AWIS WOOL MARKET REVIEW
Week Ending 28 October 2022 (Week 17) The AWEX EMI finished at 1300¢, 23¢ lower (-1.7%) in Australian currency and 3¢ lower (-0.4%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 17. 39,108 bales were on offer nationally, compared with 34,180 bales last sale. 17.7% of the offering was passed in after 4.1% of the potential offering was withdrawn prior to sale. 32,167 bales were sold. AWEX reports that the value of the wool sold was $52.0 million ($1,617 per bale), taking the season total to $763.1 million ($1,615 per bale). The number of bales sold at auction this season is now 7.7% greater than in 2021/22. The New Zealand Merino Company also offered 1,948 bales in Melbourne on Wednesday, of which 17.7% were passed in.