Wool market update

The wool market continued to rally this week, with the AWEX Eastern Market Indicator (AWEX EMI) advancing by 25 cents. 

It was the ninth straight weekly rise, the longest sequence of consecutive gains since 2009.  Daily results also reinforced the strong momentum, with both selling days recording increases. 

This extended the daily rally to sixteen consecutive sessions, the longest since AWEX records began in 1997. 

The EMI is now at its highest level since March 2023. 

Auctions this week followed a familiar pattern with 29,923 bales offered across two days in Sydney and Melbourne, and a single day in Fremantle. Although volumes for the season remain seven percent below last season, the recent sales have seen catalogue sizes comparable to 2024 levels. 

The market opened on a positive note, with most Micron Price Guides (MPGs) rising ten to twenty cents clean on Tuesday, lifting the EMI by ten cents for the day. Unlike recent weeks where the second day of selling delivered only modest gains, Wednesday produced a stronger outcome. 

The EMI climbed a further fifteen cents, the largest second day increase in nearly a year. 

Across the series, the MPGs finished the week between 20 and 60 cents higher, with superfine types attracting particular interest. 

A highlight in these microns was a 12.9 micron line that achieved 8,500 cents greasy, the highest price for the 2025 calendar year.  

Crossbreds also continued their rally, with the 26 MPG up by as much as 64 cents. Merino Skirtings made steady progress across both days, supported by strong demand for best length, low vegetable matter lots. Merino Cardings added a further ten to twenty cents, with the better prepared types enjoying solid competition from buyers.  

Next week’s national offering is forecast at just over 30,000 bales in Sydney, Melbourne and Fremantle.