Wool market update

The latest on the Australian wool market Season 2025/2026 Week 39, direct from the Elders wool team.

The Australian wool market has fallen again this series, adding further losses to those witnessed during the previous selling series, as currency fluctuations are having an impact on prices. 

There was a total of 39,673 bales available to the trade, this was 2,605 bales less than in the previous series. 

On the opening selling day (Tuesday) in the merino fleece sector the Micron Price Guides (MPGs) dropped by between 5 and 59 cents. Only the 20 and 21 micron MPGs in the north managing gains. Falls in the crossbred, skirting and oddment sectors were also recorded. 

The benchmark Eastern Market Indicator (EMI) dropped by 21 cents, falling to 1,730 cents. 

Due to a weakening in the Australian dollar (AUD), compared to the US dollar (USD) the fall in the EMI was more significant. As the majority of Australian wool is traded using US currency any change in the exchange rate has an immediate impact on the wool market. As the AUD dropped below 70 US cents for the first time since January, the fall in the EMI was 39 US cents. This was the largest fall in the EMI is USD terms since October last year when it fell by 45 cents. 

On the second selling day (Wednesday) the market settled to a degree with mixed results recorded. The movements in the MPGs ranged between plus 6 cents and minus 26 cents. 

The other three sectors again recorded general losses. The result of these combined falls was a 6 cent reduction in the EMI. The EMI finished the week 27 cents lower, closing the week at 1,724 cents. The EMI fell by a further 5 US cents for the day, dropping 44 US cents for the series, closing at 1,202 US cents. 

Next week’s offering is again expected to reduce, there is currently 37,815 bales on offer in Sydney, Melbourne and Fremantle.