Australian Wool Exchange

The Australian Wool Exchange (AWEX) is a standardized system used to evaluate and document the quality of wool in Australia. It provides a set of codes and a pricing system that helps farmers, buyers, and sellers communicate about wool’s quality, including fiber diameter, strength, color, and cleanliness. This system ensures transparency and consistency in wool trading, making it easier to compare and value different lots of wool. Essentially, AWEX facilitates fair and efficient wool transactions by providing a common language and reference point within the industry.