The Australian wool has experienced a selling series where very little changed. The national offering of 26,278 bales was within a thousand bales of the previous week.
The Australian dollar compared to the US dollar (USD) went down by 0.05 cents, hardly a currency movement to influence the market.
The benchmark Eastern Market Indicator (EMI) rose by the barest of margins, adding one cent for the series after an unchanged opening day. This was followed by a one cent rise on the second. When viewed in USD terms the EMI was unchanged.
The movements in the individual AWEX Micron Price Guides (MPGs) were more varied.
Across all centres and all microns, both merino and crossbred the MPG movements ranged between positive 19 cents (18 micron in the north) to negative 24 cents (16.5 micron in the south).
On the first day the EMI rose by 4 US cents. This was the fourth selling day in a row where the EMI roes in USD terms.
As the season draws to a close there are plenty of positives in the market.
The EMI opened the season at 1,129 cents and is currently trading 75 cents higher at 1,204 cents. This is an increase of 6.6 per cent (pc). In USD terms, the EMI opened at 750 cents, the season to date 26 cent rise equates to an increase of 3.5 pc.
Another positive was the increase in the amount of merino fleece wool carrying less than 1.0pc vegetable matter (vm), a highly sought after type. After a steady decline last week, just 31.7pc of the offering was less than 1.0pc vm. This week’s figure increased by 7.7pc to 39.4pc. This rise can be partly attributed to older wool, grown when seasonal conditions were more favourable.
Next week Fremantle will not be in operation. With only Sydney and Melbourne on the program there is expected to be 23,655 bales on offer.
Table showing wool prices to 29 May 2025
Graph showing Eastern Market Indicator (EMI) to 29 May 2025
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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.
Read previous reports
Wool market update 23 May
Wool market update 16 May
Wool market update 9 May
Wool market update 2 May