AWIS WOOL MARKET REVIEW
Week Ending 11 November 2022 (Week 19) The AWEX EMI finished at 1241¢, 20¢ lower (-1.6%) in Australian currency and 4¢ higher (+0.5%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 19. 31,095 bales were on offer nationally, compared with 37,530 bales last sale. 14.1% of the offering was passed in after 9.6% of the potential offering was withdrawn prior to sale. 26,696 bales were sold. AWEX reports that the value of the wool sold was $39.2 million ($1,468 per bale), taking the season total to $849.2 million ($1,599 per bale). The number of bales sold at auction this season is now 3.9% greater than in 2021/22.