The Australian wool market has recorded an overall movement in this series, quickly bouncing back from the losses experienced last week.
The national quantity dropped by 16,256 bales compared to last week’s offering. There were 33,436 bales available to the trade. Compared to the previous season, the total amount offered this season continues to trend lower.
There have been 885,488 bales put through the auction system season to date. This is 179,321 fewer bales than the previous season, a fall of 16.8per cent (pc).
The first day of selling, results were mixed across microns and the three selling centres. The movements in the individual Micron Price Guides (MPGs) for merino fleece ranged between plus 11 and minus 29 cents. The benchmark AWEX Eastern Market Indicator (EMI) posted a two cent rise.
The second selling day was more positive, with no negative results in the merino fleece MPGs, the movements ranging between unchanged and plus 19.
The EMI added another 4 cents and finished the week 6 cents higher, closing at 1,192 cents.
The market has made a positive start to the 2025 calendar year.
In the six selling days of this year, the EMI has only fallen on only one occasion (a 4 cent fall on the 21st of January) and is currently trading 38 cents higher than its 2025 opening level.
In USD terms the EMI has also recorded just one negative result, rising four out of the six selling days, with one unchanged result. The EMI has added 12 US cents across these sales.
The crossbred sector performed strongly this week, with all published MPGs recording rises of between 5 and 40 cents. These rises contributed to the overall rise in the EMI.
Next week’s national offering is expected to increase. There are currently 38,361 bales on offer in Sydney, Melbourne and Fremantle. Sales return to the normal Tuesday/Wednesday selling pattern.
Table showing wool prices for Season 2024/25, Week 31
Graph showing Eastern Market Indicator (EMI) to 31 January 2025
For full details of auction sales, download the reports below.
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