The latest on the Australian wool market Season 2025/2026 Week 48, direct from the Elders wool team.
The Australian wool market has had a week of strong gains, driven by large increases in the merino fleece sector.
There was a total of 25,712 bales on offer nationally. On the opening day buyer sentiment was aggressive and it was immediately apparent that large rises were on the cards. By the end of the day the merino fleece Micron Price Guides (MPGs) had added between 6 and 79 cents. The largest gains were in Fremantle as the Western centre did not enjoy the increases on offer on the second day of the previous series. Although, the rises were so large, that the Fremantle MPGs all finished higher than the closing level of the Melbourne MPGs, setting the tone for a strong second day. The benchmark Eastern Market Indicator (EMI) rose by 31 cents, this was the largest daily rise in the EMI since the 22nd of April. The EMI pushed up to 1,911 cents. The rises were driven largely by demand, with currency only having a small influence. The EMI gained 32 US cents for the day. On the second day just Sydney and Melbourne were in operation and the market continued to climb. The merino fleece MPG movements ranged between unchanged and plus 51 cents. The EMI added another 23 cents. The EMI closed the week 54 cents higher at 1,934 cents. The EMI is now at its highest point since the 9th of May 2019 when it was sitting at 1,952 cents. The crossbred and oddment sectors had another very strong week, the rises in these sectors helped the EMI to the increases recorded. With many farmers across the country busy with their cropping programmes, shearing is at a slow point. Fremantle is having a non sale week and with just Sydney and Melbourne in operation the national quantity is expected to be just 23,288 bales nationally for next week.
Table showing wool prices to 27 May 2026
Graph showing Eastern Market Indicator (EMI) to 27 May 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.
Read previous reports
Wool market update 22 May
Wool market update 15 May
Wool market update 8 May
Wool market update 1 May