The Australian wool market has recorded a small overall loss in this selling series. The overall result was heavily influenced by weakness in the merino fleece market, particularly in the 18.0 to 19.5 micron range.
Fremantle did not sell in this series; with only Sydney and Melbourne in operation the national offering was just 22,806 bales.
This was the smallest national offering since September 2020, which was during the COVID 19 pandemic.
On the opening day buyer sentiment was best described as cautious, although the smaller offering was well supported and the market opened solidly.
The prices being achieved were generally within 10 cents of those on offer at the close of the previous series. By the end of the day the movements in the individual AWEX Micron Price Guides (MPGs) for merino fleece ranged between positive 18 cents and negative 8 cents.
A strong crossbred market, helped to push the benchmark Eastern Market Indicator (EMI) up by 2 cents for the day.
On the second day buyer sentiment had weakened. This weakening was quickly felt in the sale room and prices began to fall. By the end of the second day, the MPG movements ranged between unchanged and negative 31 cents.
The crossbred sector held up well compared to the merinos, recording a generally unchanged market. This helped to soften the downward impact on the EMI, which fell by 7 cents for the day. The EMI finished the series at 1,199 cents, down 5 cents on the previous close.
A marginal increase (0.16 cents) in the Australian dollar compared to the USD, meant that in USD terms the EMI movement was slightly more positive. The EMI dropped just one cent, closing at 775 US cents.
Fremantle returns to the selling program next week, bolstering the offering. There is currently expected to be 30,187 bales on offer nationally.
Table showing wool prices to 5 June 2025
Graph showing Eastern Market Indicator (EMI) to 5 June 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 30 May
Wool market update 23 May
Wool market update 16 May
Wool market update 9 May