The Australian wool market has had a fluctuating week, recording both positive and negative movements across different wool types, resulting in very little change to the overall market.
With just six selling series remaining in the 2024/25 season, we have a more accurate picture of the national quantity offered. This week the national offering increased to 30,931 bales.
Season to date there have been 1,410,070 bales put thorough the auction system. This is 226,420 less than the previous season, a reduction of 13.8 per cent (pc). On the opening day of selling results were mixed.
The movements in the individual AWEX Micron Price Guides (MPGs) for merino fleece ranged between positive 28 cents (17.5 micron in the south) through to negative 33 cents (23 micron MPG in the south).
The skirtings recoded minimal movements, the oddments reduced slightly, while the crossbred sector recorded a small overall rise. The result of these market movements was a one cent rise in the benchmark Eastern Market Indicator (EMI).
This was the first daily rise in the EMI in eight selling days.
The news in USD terms was not as positive. Currency fluctuations meant that when viewed in USD, the EMI lost ground, finishing the day 10 US cents lower.
On the second day only Sydney and Melbourne were in operation and again the market movements were varied across wool types and microns.
The MPG movements across all sectors ranged between positive 15 cents (28.0 micron MPG in the north) through to negative 20 cents (19.0 micron MPG in the North).
The skirting market recorded little change while the oddment sector recorded further small falls. The EMI dropped three cents for the day.
A reversal in currency movement meant this time the news was positive in USD terms, the EMI gained 9 US cents for the day.
Table showing wool prices to 15 May 2025
Graph showing Eastern Market Indicator (EMI) to 15 May 2025
For full details of auction sales, download the reports below.
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.