AWIS WOOL MARKET REVIEW
Week Ending 14 February 2020 (Week 33)
The AWEX EMI finished at 1568¢, 9¢ lower (-0.6%) in Australian currency and 12¢ lower (-1.1%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 33.
40,176 bales were on offer nationally, compared with 30,562 bales last sale. 22.0% of the offering was passed in after 8.1% of the potential offering was withdrawn prior to sale. This week’s sale included the annual special offering of Tasmanian wool.
AWEX reports that the value of the wool sold was $54.0 million ($1,724 per bale), taking the season total to $1.325 billion ($1,710 per bale). The number of bales sold at auction this season is now 16.9% less than in 2018/19.
