AWIS WOOL MARKET REVIEW
Week Ending 3 March 2023 (Week 35) The AWEX EMI finished 4¢ higher (+0.3%) in Australian currency and 9¢ lower (-1.0%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 35. 48,389 bales were on offer nationally, compared with 49,458 bales last sale. 11.0% of the offering was passed in after 4.3% of the potential offering was withdrawn prior to sale. 43,055 bales were sold. AWEX reports that the value of the wool sold was $67.8 million ($1,575 per bale), taking the season total to $1.646 billion ($1,576 per bale). The number of bales sold at auction this season is now 1.3% greater than in 2021/22.