The latest on the Australian wool market Season 2025/2026 Week 35, direct from the Elders wool team.
The sales resumed this week, after holding a one week recess for Chinese New Year.
The Australian wool market has performed admirably in this series, recording an overall rise, while dealing with a larger than normal offering. Wool accumulated over the recess resulted in a national offering of 50,701 bales. This was the largest national offering since Jan 2023.
Many industry observers were predicting a cheaper market, these predictions based on the national quantity and sales made during the recess. As is often the case the wool market defied expectations, recording overall increases across all three selling days.
On the opening day, the benchmark Eastern Market Indicator (EMI) rose by 4 cents, with only marginal rises apparent.
On the second day the gains were more significant, resulting in a 12 cent increase in the EMI.
On the final day only Melbourne was in operation, as they required three selling days, the first three-day sale in Melbourne since April 2024.
The EMI added a further 7 cents. This pushed the daily run of EMI increases to eight. The EMI has now only fallen on one selling day in 2026 (28 January), when it fell 27 cents. It's worth noting however, on this day it gained 27 US cents.
The EMI opened the year at 1,541 cents. With the rises of this series the EMI finished the week at 1,716 cents, meaning the EMI has added 175 cents this so far this calendar year, an increase of 11.4 per cent (pc).
The clearance rate was again high this week, showing most sellers willing to meet the market. Just 4.1pc of the national offering was passed in. The strongest performing sector of the series was the cardings. Strong demand on locks, stains and crutchings resulted in large gains.
This was reflected in the three Merino Carding Indicators (MC) which rose by an average of 70 cents across the three centres.
Table showing wool prices to 27 February 2026
Graph showing Eastern Market Indicator (EMI) to 27 February 2026
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.