AWIS WOOL MARKET REVIEW
Week Ending 8 May 2020 (Week 45)
The AWEX EMI finished at 1170¢, 55¢ lower (-4.5%) in Australian currency and 46¢ lower (-5.7%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 45.
25,338 bales were on offer nationally, compared with 22,904 bales last sale. 18.5% of the offering was passed in after 11.8% of the potential offering was withdrawn prior to sale. 20,661 bales were sold. We also understand that grower on-farm stocks are increasing.
AWEX reports that the value of the wool sold was $25.8 million ($1,249 per bale), taking the season total to $1.779 billion ($1,662 per bale). The number of bales sold at auction this season is now 19.4% less than in 2018/19.
