AWIS WOOL MARKET REVIEW
Week Ending 14 August 2020 (Week 07)
The AWEX EMI remained steady after the previous week’s when it finished at 1004¢, 2¢ lower (-0.2%) in Australian currency and 7¢ lower (-1.0%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 07.
30,275 bales were on offer nationally, compared with 42,764 bales last sale. 8.2% of the offering was passed in after 11.3% of the potential offering was withdrawn prior to sale. 27,790 bales were sold.
AWEX reports that the value of the wool sold was $32.5 million ($1,169 per bale), taking the season total to $144.9 million ($1,207 per bale). The number of bales sold at auction this season is now 5.8% greater than in 2019/20.
