AWIS WOOL MARKET REVIEW
Week Ending 27 March 2020 (Week 39)
The AWEX EMI finished 4¢ higher (+0.3%) in Australian currency and 54¢ higher (+6.7%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 39. The big differences between the changes in the two currencies was due to the 3.60¢ (+6.5%) lift in the US Exchange Rate from 55.71¢ in the previous week to close at 59.31¢.
42,934 bales were on offer nationally, compared with 41,986 bales last sale. Sellers continued to display a reluctance to sell at the current market levels – 14.3% of the offering was passed in after 11.0% of the potential offering was withdrawn prior to sale.
AWEX reports that the value of the wool sold was $55.3 million ($1,503 per bale), taking the season total to $1.619 billion ($1,700 per bale). The number of bales sold at auction this season is now 17.7% less than in 2018/19.
