Wool market update

The Australian wool market has continued its unblemished start to the 2025/26 wool selling season, recording an overall positive result for the seventh consecutive selling series. 

This is the longest run of weekly rises since 2019 and the first time that the market has risen for the first seven weeks of a season since 1979.  There were again less than 30,000 bales on offer nationally. 

What wool was on offer received excellent support, as buyers were in an aggressive mood in the rapidly rising market. 

On the first selling day all sectors of the market recorded healthy gains.  This was reflected in the benchmark Eastern Market Indicator (EMI), which rose by 17 cents for the day. This was the largest daily rise in the EMI since March. 

On the second day the market continued to rise, all sectors of the market again recording gains, pushing the EMI up by a further 13 cents. This extended the run of daily EMI rises to twelve. This is the longest upward run of the EMI since June 2011. 

Although some of the rises in the EMI over this run were relatively small, when accumulated they have become a significant upward trend. The EMI started the run (8 July) at 1,208 cents. It is now 1,291 cents, an 83 cent or 6.9 per cent increase. 

In further positive news, the EMI also rose in US dollar terms, adding 24 US cents for the series. This was the third successive series where the EMI rose in both Australian and US terms. 

The crossbreds also performed very well again in this series, pushing the MPGs up into ranges not seen for years. The largest gains in this series in percentage terms were all achieved by the crossbred sector, with 28.0 and 30.0 the best for the second week in a row. 

The oddment sector also had a very positive series, this was reflected in the Merino Carding Indicator (MC) which rose by an average of 23 cents.