The latest on the Australian wool market, Week Two Season 2026/27, direct from the Elders wool team.
The Australian wool market has recorded a small overall rise this week, after two successive weeks of large losses. The increase was driven by rises in the merino fleece sector.
There was a total of 28,960 bales available to the trade. This was 3,299 bales less than the previous series. When compared to the previous season, the national quantity is tracking higher. There have been 4,228 more bales offered so far in the new season, an increase of 7.4 per cent.
On the opening day of selling, the merino fleece Micron Price Guides (MPGs) in the Eastern centres posted movements ranging between minus 9 and plus 34 cents. As the market got progressively dearer as the day wore on, the largest gains were seen in the West, which sold last.
In Fremantle the MPGs added between 15 and 44 cents. The benchmark Eastern Market Indicator (EMI) added 4 cents for the day. Due to currency fluctuations, when viewed in US dollar terms, the increase in the EMI was larger, the EMI rose by 13 US cents.
On the second day of the series, the merino fleece market recorded little change. The merino fleece MPG movements ranged between minus 29 to plus 15 cents. The EMI rose by the barest of margins.
In a reverse trend of the previous few series, weakness in the crossbred sector prevented the EMI from recording a larger rise than it did. In Melbourne the crossbred MPGs lost between 5 and 35 cents for the week. The oddment market has also performed weakly; the three Merino Carding (MC) indicators fell by an average of 9 cents.
Next week only Sydney and Melbourne are in operation, Fremantle does not hold a sale in Week 3 due to the very limited amount of shearing that happens in Western Australia in June. There is currently 21,646 bales expected to be offered nationally.
Table showing wool prices to 10 July 2026
Graph showing Eastern Market Indicator (EMI) to 10 July 2026
For full details of auction sales, download the reports below.
Disclaimer: The information contained in this article is given for the purpose of providing general information only, and while Elders has exercised reasonable care, skill and diligence in its preparation, many factors (including environmental and seasonal) can impact its accuracy and currency. Accordingly, the information should not be relied upon under any circumstances and Elders assumes no liability for any loss consequently suffered. If you would like to speak to someone for tailored advice relating to any of the matters referred to in this article, please contact Elders.