The latest on the Australian wool market Week Three, Season 2026/27, direct from the Elders wool team.
The Australian wool market has fallen slightly this week, with weakness recorded across nearly all sectors of the market.
Fremantle did not hold a sale in this series, so with only Melbourne and Sydney in operation the national quantity fell. There was a total of 21,230 bales available to the trade. This was 7,730 bales less than the previous series.
When compared to the previous season, the national quantity continues to track higher. There have been 1,835 more bales offered so far in the new season, an increase of 2.3per cent.
On the opening day the market had mixed results. Strong demand on wool possessing favourable additional measurement results helped these types to continue to attract premiums. The price movements in the Micron Price Guides (MPGs) for merino fleece ranged between minus 18 and plus 19 cents. The falls recorded in the 17.5 micron and finer range.
The benchmark Eastern Market Indicator (EMI) fell by the barest of margins, dropping one cent for the day. Currency fluctuations played little part in the market movements. In USD terms the EMI fell by 2 US cents.
The second day of selling the market performed very much like the first. Only small price movements were recorded.
These movements were reflected in the merino fleece MPGs, which ranged between plus 7 and minus 15 cents. The EMI dropped by 7 cents. The EMI closed the week at 1,901 cents.
With only three selling series conducted for the 2026/27 wool selling season, the total dollar amount of wool sold at auction is tracking well above the previous season.
There has already been 160 million dollars’ worth of wool sold. This is 54 million dollars more than the previous season. Next week Fremantle returns to the roster, bolstering the national offering for the final sale before the three week mid year recess. There are currently 32,397 bales expected to be offered nationally.
Table showing wool prices to 16 July 2026
Graph showing Eastern Market Indicator (EMI) to 16 July 2026
For full details of auction sales, download the reports below.
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