Wool market update

The Australian wool market has continued to strengthen, recording a sixth consecutive weekly rise. 

Being the sixth selling series of the new season, means the market has continued its run of positive results for the 2025/26 wool selling season. 

Wet conditions have slowed shearing in many parts of the country, dampening wool receivals. This has played a part in sharp drop in quantity. 

The benchmark Eastern Market Indicator (EMI) rose by 7 cents on the opening day, then added another 7 on the second. This extended the run of daily EMI rises to ten, adding 53 cents across this run. 

Twelve months ago, the EMI was 1,087 cents, the 14 cents added across this series pushed the EMI to 1,261 cents. This is a 174 cent or 16.0per cent (pc) twelve month increase. 

In further welcome news, the rises were not entirely driven by currency. 

The EMI also rose in USD terms, more in fact (in percentage terms), gaining 14 cents for the series, closing at 818 cents. 

The crossbreds have been the strongest performing sector over the previous few months and continued their upward trend. The standout has been 28 micron range. 

In the South twelve months ago, the 28.0 MPG was 375 cents, the 11cents gained this week pushed the MPG to 528 cents. This is a 153 cent yearly rise, an increase of 40.8pc. 

The next best is the 30.0 MPG, closing at 450 cents after a weekly increase. This is a 112 cent gain, an increase of 24.9pc. 

In the merinos, it is the 21.0 MPG which has had the strongest 12 months, posting a 219 cent, 17.5pc rise. In contrast, the weakest performing MPG was 17.0 micron, adding 114 cents or 7.0pc in the previous 12 months. 

Currently there is  expected to be national offering of 29,743 bales next week.