The latest on the Australian wool market Week 20, Season 2026/27, direct from the Elders wool team.
The Australian wool market has recorded large gains in this series, ending its run of losses.
There was a total of 27,077 bales available to the trade, this was 2,055 bales more than the previous week. The largest rises were recorded on the first day of selling.
Across the country the gains in the merino fleece Micron Price Guides (MPG) ranged between plus 25 and plus 79 cents, with the gains felt across the entire merino spectrum.
The strongest buyer demand was focussed on good/best style fleece lots and those possessing favourable additional measurement results, particularly those with low midpoint of break, these lots achieved the largest increases. The benchmark Eastern Market Indicator (EMI) rose by 24 cents for the day, ending its run of six consecutive falls. This was the largest daily rise in the EMI since the beginning of September.
After dropping below 1700 cents in the last series, which was its lowest point since February, the EMI rose to 1,722 cents. The market was heavily influenced by currency, due to a large drop in the Australian dollar (AUD) compared to the US Dollar (USD), when viewed in USD terms the market only added one US cent for the day, the EMI closed the day at 1,192 US cents.
On the second day, the market generally consolidated the gains of the previous day, although there were pockets of lower prices, particularly in the Northern region. The merino fleece MPG movements ranged between plus 18 and minus 22 cents. 17.5 to 18.0 micron in the North posting the biggest losses.
The EMI remained unchanged on 1,722 cents. The passed in rate dropped considerably as most sellers were happy to accept the higher prices on offer. 6.9pc of the total offering was passed in, this was 6.7pc lower than in the previous series.
Table showing wool prices to 12 November 2026.
Graph showing Eastern Market Indicator (EMI) to 12 November 2026.
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