AWIS WOOL MARKET REVIEW
Week Ending 30 June 2023 (Week 52) The AWEX EMI finished at 1126¢, 13¢ lower (-1.1%) in Australian currency and 25¢ lower (-2.8%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 52. The falls were buffered by the drop in the US Exchange Rate 43,344 bales were on offer nationally, compared with 28,484 bales last sale. 13.7% of the offering was passed in after 9.5% of the potential offering was withdrawn prior to sale. 37,416 bales were sold. AWEX reports that the value of the wool sold was $49.1 million ($1,312 per bale), taking the season total to $2.438 billion ($1,517 per bale). The number of bales sold at auction this season is now unchanged from 2021/22.