AWIS WOOL MARKET REVIEW
Week Ending 16 December 2022 (Week 24) The market ended the first half of the season a strong note prior to going into the three week Christmas break. The AWEX EMI finished 49¢ higher (+3.8%) in Australian currency and 48¢ higher (+5.6%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 24. 47,914 bales were on offer nationally, compared with 38,936 bales last sale, making it the largest sale since Week 05, when 55,200 bales were on offer. 6.5% of the offering was passed in this week after 3.0% of the potential offering was withdrawn prior to sale. 44,810 bales were sold. AWEX reports that the value of the wool sold was $69.5 million ($1,551 per bale), taking the season total to $1.109 billion ($1,584 per bale). The number of bales sold at auction this season is now 1.7% greater than in 2021/22.
AWIS Wool Market Review 16 December 2022 (Week 24)