The latest on the Australian wool market Season 2025/2026 Week 38, direct from the Elders wool team.
After reaching its highest point since June 2019 last week, the Australian wool market has been unable to continue its upward journey, recording losses in this selling series.
There was a total of 42,278 bales available to the trade. This was 3,198 less than in the previous series. On the first day, from the opening lot in the Eastern centres the market was on the decline. These losses continued through the day.
As Sydney and Fremantle did not suffer the falls recorded in the standalone Melbourne sale of Thursday last week, the largest falls were recorded in these centres.
The Micron Price Guides (MPGs) across the country for merino fleece dropped by between 16 and 68 cents. The skirtings and crossbred sectors tracked on a similar path to the fleece, while the oddments managed a small average rise. The end result was 22 cent fall in the benchmark Eastern Market Indicator (EMI).
This was the largest daily drop in the EMI since 28 January. The second day the market continued in a similar fashion. There were losses across all merino fleece MPGs, this time Fremantle selling last, recording the largest decreases.
The MPGs lost between 4 and 40 cents. With the skirtings and crossbreds also falling again, the EMI lost 10 cents for the day. The EMI finished the week 32 cents lower, closing at 1,751 cents. This was the largest weekly fall in since October last year.
Currency contributed to the falls in the market but was not the major influence. When viewed in USD terms the market dropped by a similar rate. The EMI finished the series 26 US cents lower, closing at 1,246 cents.
Next week’s offering is again expected to be over 40,000 bales. There are currently 40,909 bales on offer in Sydney, Melbourne and Fremantle.
Table showing wool prices to 19 March 2026
Graph showing Eastern Market Indicator (EMI) to 19 March 2026
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Disclaimer: 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.