The Australian wool market has risen for the penultimate sale of the season and in welcome news, this rise driven by market conditions rather than currency.
Fremantle did not hold a sale this week. With only Sydney and Melbourne in operation the national offering was 20,756 bales.
This was the smallest sale of the season. The small offering attracted strong buyer support and although the selection was not large. What was available attracted spirited bidding, which in turn resulted in price rises across the board.
By the end of the selling series the individual AWEX Micron Price Guides (MPGs) for merino fleece had risen by between 1 and 24 cents. The only anomaly was a 22 cent fall in the 19.5 MPG in the north.
The benchmark Eastern Market Indicator (EMI) gained 10 cents for the week, closing at 1,207 cents. The EMI also rose in USD terms, adding 6 US cents.
The crossbred sector of the market continues to strengthen, adding further increases to those achieved over the previous weeks. The recent rise in the crossbreds is best highlighted viewing the Southern MPGs.
In Week 45 (7 May) the 26.0 MPG was 588 cents. Today the MPG is at 652 cents, an increase of 10.8 per cent(pc). The 28.0 MPG has risen by 7.7pc, while the strongest performer has been the 30.0 MPG, which has gone from 360 cents to 405 cents, an increase of 12.5pc. To put this into perspective the best performing merino MPG over the same period was the 17.5, which has risen by 4.1pc.
The EMI has risen by 1.3pc over the same time frame, the small rise the EMI has achieved, helped by the strengthening of the crossbreds.
Next week marks the final sale of season. Fremantle returns to the market, pushing the national quantity up to 32,648 bales.
Table showing wool prices to 20 June 2025
Graph showing Eastern Market Indicator (EMI) to 20 June 2025
For full details of auction sales, download the reports below.
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