AWIS WOOL MARKET REVIEW
Week Ending 17 January 2020 (Week 29).
The AWEX EMI finished 51¢ higher (+3.3%) in Australian currency and 44¢ higher (+4.1%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 29.
52,261 bales were on offer nationally, compared with 34,776 bales last sale. It was the largest sale so far this season. 10.5% of the offering was passed in after 4.4% of the potential offering was withdrawn prior to sale.
AWEX reports that the value of the wool sold was $81.0 million ($1,731 per bale), taking the season total to $1.116 billion ($1,719 per bale). The number of bales sold at auction this season is now 12.1% less than in 2018/19.
