The AWEX EMI closed on 1407c - up 15c at auction sales in Australia last week. The 42,794 bales offered was met with buoyant competition from a wide range of local and indent exporters with Tuesday’s EMI just maintaining within 1c.
Across the joined ewe categories, station-mated shedding breed ewes had a total of 4,958 head offered last week, with the category averaging $327/head - up $24 from the previous week.
Integrity Scheme Certified Non Mulesed wool with superior specifications attracted bids well above the market average, as demand for these types continues to outstrip supply.
Crossbred lambs accounted for 25% of total numbers this week, with 20,953 head offered – with robust demand underpinning a 92% clearance rate. Prices ranged from $90-$205/head, to average $155/head, down $2 from last week.
Records fell for both flock and stud Pol Dorset sires, as a growing sheep flock, consistent lamb prices and a continuing good season in many areas encouraged strong bidding.
The week signalled the last Wool Auction sale for 2021, and thankfully the challenges of 2021 did not affect the tight trading range experienced for the past 6 weeks, leaving prices largely unchanged right to the closing lot.