Mixed results as volumes ease
The market remains sensitive to volume changes currently, with a mixed bag for indicators this week and slight improvement overall as volumes eased. The Eastern Market Indicator (EMI) finished 5¢ higher to 1909¢ in Australian Dollar (AUD) terms and up 13¢ to 1325¢ in United States dollar (USD) terms. The bale offering fell by 10% […]
EMI down on another strong offering
Prices declined as the market experienced a rocky start to the 2026/27 wool marketing year. Whether the declines were purely supply driven is yet to be determined but for this week at least, the demand for the wool offered was not strong enough to keep the price momentum going. The Eastern Market Indicator (EMI) fell […]
Season ends on a dip
An increase in supply and a softer market pushed prices lower this week, as the Eastern Market Indicator (EMI) dropped 46¢ to 1943¢. The bale offering increased by 23% to 26,179 but interest didn’t improve with the pass in rate reaching 16%. Overall, 21,822 bales were sold, which is 32% below the average for the […]
Volumes keep dropping
The Eastern Market Indicator (EMI) rose again this week, up 10¢ to 1989¢, amidst the smallest national offering for the past 12 months. Supply continues to lull with the bale offering decreasing significantly, falling 17% to 21,251. The pass-in rate increased marginally to 4% this week and bales sold were down to 20,393 which is […]
Dollar drop supports market
An uptick in supply couldn’t halt Eastern Market Indicator (EMI) progress, as the EMI improved again this week. This week the United States Dollar (USD) rose on the back of stronger than expected domestic jobs growth causing the Australian dollar (AUD) to fall relative to the USD from 71.65¢ to 70¢. This meant that that […]
Another big drop in volumes
This week the wool bale offering was lower, with a Western Australian public holiday pausing auctions in Fremantle for the week. The offering of 23,413 was down 8.9% on last week’s numbers keeping the pass in rate low at 2% compared to 1.3% the week prior. This was good news for the Eastern Market Indicator […]
Supply plummets, boosting prices
The Eastern Market Indicator (EMI) jumped this week as buyers bid strongly in a tighter supplied market. The EMI was up 54¢ to finish at 1934¢ in Australian dollar terms and up 49¢ in US dollar terms, to 1385¢. Bales sold dropped to 25,370 this week which is 20.9% below the average for the past […]
Currency on the move, but wool market remains steady
The Eastern Market Indicator (EMI) saw a small rise this week and crossbred wool and cardings rose for the second week in a row. Offsetting some of the loses felt by finer categories of merino wool. The EMI rose by just 4¢ to 1880¢ in Australian dollar (AUD) terms and slipped by 21¢ in United […]
Crossbred wool steady
The EMI had a slight fall this week as larger losses in fine and medium merino were offset by a strong week for crossbred wool and cardings in Sydney and Melbourne. Overall, the EMI fell by 10¢ to 1876¢, pass in rates remained relatively stable falling from 7.3% to 7% as did the AUD/USD exchange […]
Market eases on the back of tighter economic conditions
This week the Australian dollar (AUD) hit its highest rate against the US Dollar (USD) since May 2022, at 0.725¢, on the back of the Reserve bank of Australia’s (RBA) decision to lift interest rates to 4.35% (a hawkish stance) while global central banks, mainly the US federal reserve and the European central bank are […]
Prices flat as offering increases
The Eastern Market Indicator (EMI) fell relatively flat this week, up only 2¢ to 1897¢ after price rises for Crossbred wool and Sydney fine merino offset losses across the rest of the table. The bale offering increased by 4,078 to 37,744 and so did pass in rates, increasing from 2.8% to 6.9%. This week 35,139 […]
Drop off in supply sends market higher
The Eastern market indicator rose for the third week in a row, up 70¢ to 1895¢ after a large decrease in bales offered, down from 44,765 to 33,666, a decrease of 24.8% week on week. The decrease in bales offered kept the pass in rate relatively flat, to 2.8% this week. 32,722 bales were sold […]