AWIS WOOL MARKET REVIEW
Week Ending 10 February 2023 (Week 32) The AWEX EMI finished 44¢ higher (+3.2%) in Australian currency and 16¢ higher (+1.7%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 32. The closing EMI (also 1400¢) was the highest since the first sale in July last year. 49,324 bales were on offer nationally, compared with 38,516 bales last sale. 5.7% of the offering was passed in after 2.1% of the potential offering was withdrawn prior to sale. 46,509 bales were sold. AWEX reports that the value of the wool sold was $79.0 million ($1,699 per bale), taking the season total to $1.434 billion ($1,575 per bale). The number of bales sold at auction this season is now 2.4% greater than in 2021/22.