The Australian wool has been unable to maintain its upward run, falling for the first selling series since Week 34 (19 February 2025). The national offering was 39,048 bales.
The season to date offering continues to track well below the previous season but the difference is not as large as the start of the year. There have been 192,208 fewer bales offered through auction this season, a reduction of 13.9 per cent (pc). After the first wool sale in January this reduction was 19.3pc.
On the first day of selling, the benchmark AWEX Eastern Market Indicator (EMI) added a single cent, climbing to 1,251 cents. This pushed the run of daily EMI increases up to 11. This was the longest run of EMI rises since 2011, when the EMI rose 15 times between May and June. Across the current run of rises the EMI rose by 71 cents, an increase of 6.0pc.
This week was heavily influenced by currency. When viewed in US dollar (USD) terms, on the first day the EMI fell by 8 US cents. This was the largest daily fall in USD since October last year, when the EMI dropped by 13 US cents. On the final day of selling the upward run of the EMI ended after losses were recorded across all three selling centres.
The heaviest falls were recorded in the merino fleece types 20 micron and finer. This was reflected in the individual Micron Price Guides (MPGs) in this range, which fell by between 2 and 37 cents.
These falls combined with mixed results in the other sectors resulted in a 6 cent drop in the EMI. The EMI closed the week 5 cents lower at 1,245 cents.
When viewed in USD the fall was larger, the EMI closed the series at 786 US cents, a weekly fall of 10 US cents.
Next week there are currently 41,492 bales on offer nationally.
Table showing wool prices for Season 2024/25, Week 39
Graph showing Eastern Market Indicator (EMI) to 28 March 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.