AWIS WOOL MARKET REVIEW
Week Ending 24 April 2020 (Week 43)
The AWEX EMI finished at 1272¢, 20¢ lower (-1.5%) in Australian currency and 21¢ lower (-2.5%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 43.
24,974 bales were on offer nationally, compared with 18,097 bales last sale. 15.2% of the offering was passed in after 17.5% of the potential offering had been withdrawn prior to sale. 21,187 bales were sold.
AWEX reports that the value of the wool sold was $28.7 million ($1,355 per bale), taking the season total to $1.732 billion ($1,674 per bale). The number of bales sold at auction this season is now 18.0% less than in 2018/19.
