AWIS WOOL MARKET REVIEW
Week Ending 9 December 2022 (Week 23) The AWEX EMI finished 54¢ higher (+4.4%) in Australian currency and 38¢ higher (+4.6%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 23. 38,936 bales of Australian wool were on offer nationally, compared with 37,347 bales last sale. 7.0% of the offering was passed in after 6.4% of the potential offering was withdrawn prior to sale. 36,212 bales were sold. AWEX reports that the value of the Australian wool sold was $53.8 million ($1,488 per bale), taking the season total to $1.039 billion ($1,586 per bale). The number of bales sold at auction this season is now 0.3% greater than in 2021/22. The New Zealand Merino Company also offered 1,680 bales in Melbourne on Thursday, of which 24.1% were passed in.