The wool market reversed the eight consecutive days falling trend to post a strong result which remained in play for the duration of sales, in fact, the strongest support was noted at the end of the week.
The positive sentiment pushed across all segments, with AWEX reporting crossbreds recorded a positive trend, skirtings following the fleece sections lead, and cardings reported as “in sellers favour”.
The Eastern Market Indicator (EMI) rallied, lifting 24ȼ to 1256ȼ/kg, however, a weaker Aussie dollar (-1.30ȼ), caused the EMI when expressed in US$ to remain steady at 834ȼ/kg (US).
Again reports from the market noted that the strongest rises were directed toward a limited offering of selective, specialty non-mulesed wool as well as best styled wool with preferred length & strength measurements. This is now a common theme, making suitable types keenly sought, however, lots with fault or poorly prepared are finding buyers harder to attract.
The Western market indicator also performed strongly mirroring the east coast sales, up 29ȼ to finish the week at 1408ȼ/kg.
In the Crossbreds section, 26 MPG rose sharply gaining 39ȼ, while the 28 & 30 MPG categories were again quoted as largely unchanged.
Cardings were generally steady, plus 4ȼ in Sydney, steady in Melbourne and up 7ȼ in Fremantle.
A similar volume to last week of 30,451 bales eventually found their way to the market, after 6.4% of the original rostered offering was withdrawn prior to sale. The pass-in rate fell on the back of a stronger market to 8.5% passed-in, resulting 30,451 bales clearing to the trade.
This week on Mecardo, Andrew Woods looked at exchange rates, specifically the US/Au$ cross rates, and how they impact the wool market. Often movements in the exchange rate can be seen to affect local Australian dollar wool prices, as during the past couple of weeks. However, it is a mistake to assume the relationship between wool prices and the exchange rate is a fixed, negative correlation. The relationship swings from strongly negative to strong positive and in-between where there appears to be none.
The week ahead….
Next week sales have rostered a similar offering of 38,295 bales for sale across the three selling centres, all selling on Tuesday & Wednesday.
The Australian wool market extended its winning streak this week, with the Eastern Market Indicator climbing 16¢ to finish at 1,693¢/kg ahead of next week’s
Greasy wool prices have increased markedly this season, in the absence of any substantial improvement in macroeconomic indicators or major apparel fibre prices, the usual
The Australian wool market recovered from the losses recorded in the previous series, with prices lifting across both selling days. The Eastern Market Indicator rose
Independent analysis and outlook for wool, livestock and grain markets delivered to you as it’s published
Listen to the podcast
Join the Mecardo team for the Commodity Conversations podcast, where we provide short weekly market recaps and longer conversations with guests to discuss the drivers and trends in livestock, grain and fibre markets.
Our team of market analysts are recognised as leaders in Australian Ag market analysis, providing invaluable insights to help you navigate the ever-changing commodity landscape.
We don’t just bring you the most up to date market insights. Find out more about Mecardo’s services including risk management advisory, modelling, benchmarking, research & consultancy.
A better feel to the market
The Eastern Market Indicator (EMI) rallied, lifting 24ȼ to 1256ȼ/kg, however, a weaker Aussie dollar (-1.30ȼ), caused the EMI when expressed in US$ to remain steady at 834ȼ/kg (US).
Again reports from the market noted that the strongest rises were directed toward a limited offering of selective, specialty non-mulesed wool as well as best styled wool with preferred length & strength measurements. This is now a common theme, making suitable types keenly sought, however, lots with fault or poorly prepared are finding buyers harder to attract.
The Western market indicator also performed strongly mirroring the east coast sales, up 29ȼ to finish the week at 1408ȼ/kg.
In the Crossbreds section, 26 MPG rose sharply gaining 39ȼ, while the 28 & 30 MPG categories were again quoted as largely unchanged.
Cardings were generally steady, plus 4ȼ in Sydney, steady in Melbourne and up 7ȼ in Fremantle.
A similar volume to last week of 30,451 bales eventually found their way to the market, after 6.4% of the original rostered offering was withdrawn prior to sale. The pass-in rate fell on the back of a stronger market to 8.5% passed-in, resulting 30,451 bales clearing to the trade.
This week on Mecardo, Andrew Woods looked at exchange rates, specifically the US/Au$ cross rates, and how they impact the wool market. Often movements in the exchange rate can be seen to affect local Australian dollar wool prices, as during the past couple of weeks. However, it is a mistake to assume the relationship between wool prices and the exchange rate is a fixed, negative correlation. The relationship swings from strongly negative to strong positive and in-between where there appears to be none.
The week ahead….
Next week sales have rostered a similar offering of 38,295 bales for sale across the three selling centres, all selling on Tuesday & Wednesday.
Have any questions or comments?
Click on graph to expand
Click on graph to expand
Click on graph to expand
Data sources: AWEX, Mecardo
Categories
Have any questions or comments?
Market momentum persists ahead of Chinese New Year
The Australian wool market extended its winning streak this week, with the Eastern Market Indicator climbing 16¢ to finish at 1,693¢/kg ahead of next week’s
Broad merino price, volume and price ratio
Greasy wool prices have increased markedly this season, in the absence of any substantial improvement in macroeconomic indicators or major apparel fibre prices, the usual
Wool market finds its footing
The Australian wool market recovered from the losses recorded in the previous series, with prices lifting across both selling days. The Eastern Market Indicator rose
AWTA volumes January 2026
AWTA core test volumes have begun 2026 well down on year-earlier levels, as the effects of a dry spring in south eastern Australia continue to
Want market insights delivered straight to your inbox?
Sign up to the mailing list to get regular updates to new analysis and market outlooks
Independent analysis and outlook for wool, livestock and grain markets delivered to you as it’s published
Listen to the podcast
Join the Mecardo team for the Commodity Conversations podcast, where we provide short weekly market recaps and longer conversations with guests to discuss the drivers and trends in livestock, grain and fibre markets.
MEET THE TEAM
Our team of market analysts are recognised as leaders in Australian Ag market analysis, providing invaluable insights to help you navigate the ever-changing commodity landscape.
SERVICES AND CAPABILITIES STATEMENT BROCHURE
We don’t just bring you the most up to date market insights. Find out more about Mecardo’s services including risk management advisory, modelling, benchmarking, research & consultancy.