28 NOV 2025

Wool market update

The latest on the Australian wool market Season 2025/2026 Week 22, direct from the Elders wool team.

An overall steadying week for the wool market with movements in finer MPGs to see the EMI finish the week at 1504c, down 10c overall. 

This was on the back of large gains the previous week in which the EMI gained 56 cents and some MPG increased over 100 cents. When expressed in US$ terms (which is majority of overseas trade) the EMI was only a fraction lower. 

On the first day of selling (Tuesday) the market lost the most ground in the eastern states, with most merino MPG’s losing 10 to 38c. The finer MPGs most affected. The West Australian MPGs fared better on paper, but as WA’s only sale day last week was Tuesday,  Tuesdays EMI lost 9c by the end of the day to 1505 cents. 

On the second and final day movements were more modest overall. Most MPGs moved up/down less than 10 cents in all three selling centres, which resulted in the EMI losing just the 1 cent, finishing the week at 1504c. 

The Sydney wool auction this week was a designated superfine sale. This saw some healthy prices for spinner style types in the finer microns, creating some increased movements in the MPGs as premiums for those speciality types soared in comparison to best to good top making styles. Some commentators quoting those premium types up to 200 cents clean over standard types, but to achieve those levels there are strict measurement and style parameters. 

The merino skirting market performed well in comparison to their fleece counterparts and finished the week up to 40c higher than the previous week. Those lots with fleece like measurements most affected. Crossbred fleece MPGs were overall slightly easier and merino cardings made modest gains.

Table showing wool prices to 28 November 2025 Table showing wool prices to 28 November 2025
Graph showing Eastern Market Indicator (EMI) to 3 July 2025 Graph showing Eastern Market Indicator (EMI) to 28 November 2025

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.

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