AWIS WOOL MARKET REVIEW
Week Ending 22 November 2019 (Week 21).
The AWEX EMI finished at 1555¢, 19¢ lower (-1.2%) in Australian currency and 13¢ lower (-1.2%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 21.
35,719 bales were on offer nationally, compared with 36,110 bales last sale. 15.4% of the offering was passed in after 5.7% of the potential offering had been withdrawn prior to sale.
AWEX reports that the value of the wool sold was $50.7 million ($1,677 per bale), taking the season total to $819.0 million ($1,742 per bale). The number of bales sold at auction this season is now 19.3% less than in 2018/19.
The New Zealand Merino Company also offered 2,578 bales in Melbourne on Thursday, of which 25.5% were passed in.
