AWIS WOOL MARKET REVIEW
Week Ending 20 May 2022 (Week 46) The AWEX EMI finished 7¢ higher (+0.5%) in Australian currency and 17¢ higher (+1.7%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 46. 43,662 bales were on offer nationally, compared with 41,861 bales last sale. 10.1% of the offering was passed in after 4.2% of the potential offering was withdrawn prior to sale. 39,237 bales were sold. AWEX reports that the value of the wool sold was $64.9 million ($1,654 per bale), taking the season total to $2.270 billion ($1,600 per bale). The number of bales sold at auction this season is now 8.5% greater than in 2020/21.