AWIS Wool Market Review 13 January 2023 (Week Ending 13 January 2023 (Week 28)

The AWEX EMI finished 6¢ higher (+0.5%) in Australian currency and 17¢ higher (+1.9%) in US currency when sales resumed in Sydney, Melbourne and Fremantle in after the mid-season break. 50,469 bales were on offer nationally, compared with 47,914 bales last sale. 11.2% of the offering was passed in after 5.1% of the potential offering was withdrawn prior to sale. 44,814 bales were sold. The offering was the largest since the first sale after the mid-year break. AWEX reports that the value of the wool sold was $65.3 million ($1,457 per bale), taking the season total to $1.174 billion ($1,576 per bale). The number of bales sold at auction this season is now 2.1% greater than in 2021/22.