The Australian wool market has held the final sale of the 2024/25 Wool Selling Season. The market finished much the way it has behaved all season, recording very little change. In this case, an unchanged benchmark Eastern Market Indicator (EMI).
Another common thread has been the large impact of currency fluctuations. Minimal movement in the Australian dollar (AUD) meant little influence of the market. The EMI gained 1 US cents for the series.
Fremantle returned to the program, pushing the offering up to 29,848 bales.
Now the season has concluded we can accurately compare quantities.
This season there was 1,565,809 bales offered.This was 261,100 fewer bales or 14.3 per cent (pc) less than the previous season.
The EMI opened the season (July 2024) on 1,142 cents. It has since gained 65 cents, closing at 1,207 cents. A seasonal increase of 5.7 pc. In USD terms the EMI opened at 773 cents and is now 784 cents, an increase of 11 cents, a rise of just 1.4pc.
To view the performance of micron pockets we can analyse the individual Micron Price Guides (MPGs) in the south. The strongest performer for the season (in percentage terms) was the 28.0 MPG, rising by 71 cents, or 18.1pc. The best of the merinos was the 21.0 MPG which added 108 cents, an increase of 8.3pc.
The reduction in the national offering had a direct impact on the total dollar amount sold for the season. The market value of the wool put through the auction system for the season was $1,940 million. This was $298 million lower than the previous season, a fall of 13.3pc. This fall corresponds with the fall in the total bales offered.
Next week the season starts afresh. The first sale of the season falls into the new financial year, sellers waiting for this opportunity, help to bolster the national offering to 30,351 bales.
Table showing wool prices to 26 June 2025
Graph showing Eastern Market Indicator (EMI) to 26 June 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.