The Australian wool market has returned from the annual one week Easter recess to another overall loss in this series.
There were 40,295 bales available to the trade. This was 1,919 bales less than the previous series (Week 42). The bulk of the losses were experienced on the opening day.
Across the country the individual Micron Price Guides (MPGs) movements for merino fleece ranged between unchanged and negative 25 cents. The other sectors recorded small overall losses.
The benchmark AWEX Eastern Market Indicator (EMI) lost 14 cents for the day.
The second day the market again recorded an overall loss, although there were pockets of positive movements within sectors and within the MPGs.
Of note was the 19.0 micron MPG which recorded increases of between 11 and 15 cents in Sydney and Fremantle, on the back of noticeably increased competition on these lots.
The EMI fell by a further 8 cents, closing the week 22 cents lower at 1,210 cents. The EMI has now fallen across the last five selling days, losing a total of 54 cents across these sales. The last time the EMI fell by more than this across five selling days, was back in June 2023, when the EMI dropped 80 cents across five selling days.
Again, currency played its usual role in the market. A strengthening of the Australian dollar compared to the US since the close of the previous series, meant that when viewed in US dollar terms the market news was more positive. The EMI lost just 7 US cents for the series.
Shearing has been completed for the season in many parts of the country and in selected areas yearly cropping programs have begun. This has contributed to a reduction in the national quantity for next week.
There is expected to be 31,546 bales on offer in Sydney, Melbourne and Fremantle.
Table showing wool prices to 2 May 2025
Graph showing Eastern Market Indicator (EMI) to 2 May 2025
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