The latest on the Australian wool market Season 2025/2026 Week 2, direct from the Elders wool team.
The Australian wool market has started the new season in a positive fashion, recording an overall increase for the second consecutive selling series. This means increases across both weeks of the 2025/26 selling season.
With many parts of the country experiencing winter conditions, shearing activity is low. This a traditionally quiet time of year; the national quantity was again relatively small. There was a total of 29,275 bales available to the trade.
Currency has again played its role this week, this time in favour of the Australian wool producer. The Australian dollar dropped 0.61 cents when compared to the US dollar (USD) since the close of the previous series. Given that most trading is done in US dollars (USD), this gave exporters more buying power. This quickly equated to increased prices in the sale room.
In welcome news to merino growers, it was the merino fleece market that was the driving force behind the overall market increase. The movements in the merino fleece Micron Price Guides (MPGs) ranged between negative 6 cents and positive 25 cents.
The benchmark Eastern Market Indicator (EMI) added 2 cents on each of the two selling days, closing the series 4 cents higher at 1,212 cents. The EMI has now risen for four consecutive selling days.
After steadily climbing for the previous two months, the crossbred market settled. The prices on offer were generally within 10 cents of those on offer at the previous sale. This was reflected in the MPGs.
Due to the currency fluctuation, when viewed in USD terms the market movement was less favourable. The EMI dropped 5 US cents for the series, finishing the week at 790 cents.
Next week Fremantle will not be in operation. With only Melbourne and Sydney selling, the national quantity will fall. There are currently 23,990 bales on offer nationally.
Table showing wool prices to 10 July 2025
Graph showing Eastern Market Indicator (EMI) to 10 July 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.