Week 48 Wool Market Report

AWIS WOOL MARKET REVIEW Week Ending 2 June 2023 (Week 48)

The AWEX EMI finished at 1209¢, 5¢ lower (-0.4%) in Australian currency and 16¢ lower (-2.0%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 48 after last week’s fall o 49¢. 40,106 bales were on offer nationally, compared with 39,039 bales last sale. 11.7% of the offering was passed in after 11.7% of the potential offering was withdrawn prior to sale. 35,417 bales were sold. AWEX reports that the value of the wool sold was $51.3 million ($1,448 per bale), taking the season total to $2.275 billion ($1,530 per bale). The number of bales sold at auction this season is now 0.1% greater than in 2021/22. Day-to-Day and Sale-to-Sale Changes in AWEX Regional Indicators (Week 48)

AWIS Market Review Week 48 2 June 2023