The latest on the Australian wool market Season 2025/2026 Week 17, direct from the Elders wool team.
The week closed with another drop in the EMI, losing 29c to 1,427. This is the third week of reductions from its peak, which had formed over 11 straight weekly increases prior.
When compared to the same period from the previous season the EMI remains 26.2 per cent (pc) or 296c higher, which equates to an extra $92 million dollars more in gross value season to date.
Largest decreases were in the finer microns with the 17.5 and finer MPG’s losing anywhere between 42c for the 17.5MPG ex Fremantle WA, to 95c for the 16.5MPG ex Sydney NSW. Remaining Merino fleece MPGs lost between 15 to 50c. It was the broader microns that were more robust, decreasing the least amount.
From the initial sale roster over 40,000 bales that were lotted for sale, after withdrawals and lots that failed to sell at auction, 29,404 bales were sold, destined for overseas markets.
Current AWTA wool testing figures from July to September 2025 are showing 16.2pc less bales have been tested, when compared to the same period last year. From an offering perspective the number is 3.3pc less, indicating there has been more bales sold than have been tested. This also indicates a run down in broker held stocks.
Next week’s offering is currently rostered at 38,737 which is a similar quantity to the last few weeks. Current percentile rankings of published MPG’s over the last five seasons has the 17 MPG sitting at 50, while the other two Merino MPG’s 19 and 21 are sitting at 90 and 98 respectively.
Crossbred MPG’s 28 and 30 are both sitting at 98, indicating they are at or very near their highest point in the last five years.
Of note this week a price of 33,000 cents per kilo ($330 per kilo) was achieved for a lot of 12.7micron sold ex Tasmania.
Table showing wool prices to 23 October 2025
Graph showing Eastern Market Indicator (EMI) to 23 October 2025
For full details of auction sales, download the reports below.
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.