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 this week, slightly above the average for the last year (32,192 bales sold) but well below the relatively high average bales sold for the last 2 months (38,646). The AUD was up 0.36¢ against the greenback to 71.67¢ with the EMI raising 57¢ to 1358¢ in USD.
All local market indicators recorded consistent rises with Sydney up 76¢ to 1960¢, Melbourne saw a 67¢ rise to 1852¢ and Fremantle was up 73¢ to 2125¢.
In Sydney, fine and medium merino saw large price gains with 17.5 MPG up 91¢ to 2603¢, 18.5 MPG up 96¢ to 2468¢ and 19.5 MPG up 121¢ to 2277¢. Crossbred wool saw 26 MPG gain 77¢ to 915¢ with cardings having the smallest rise, up 9¢ to 1109¢.
In Melbourne, fine merino had a great week with 16.5 MPG up 136¢ to 2658¢, 18 MPG up 123¢ to 2557¢ and 19 MPG up 107¢ to 2369¢. Medium saw 20 MPG rise 87¢ to 2220¢ with crossbred wool and cardings lagging, 26 MPG was up 13¢ to 881¢ and cardings was up 27¢ to 1105¢.
In the west, fine merino 18.5 MPG rose 77¢ to 2448¢, medium merino 19.5 MPG was up 79¢ to 2272 and carding enjoyed a 48¢ gain to 1122¢.
This week in Mecardo, Andrew Woods explores the extent of rising wool price cycles given the rapid change in wool prices this season. Noting that there is room for further price rises in the next two to three months before this cycle matches the median pattern for the past 40 years. (Article available here)
The week ahead….
The national offering is forecast 18.7% higher from 33,666 to 39,956, given the recent levels of tight supply and results this week, a strong correction is unlikely.
Next week’s sales are scheduled for Wednesday in Fremantle, Tuesday and Wednesday in Melbourne and Wednesday and Thursday in Sydney.
Crossbred and then merino prices have staged strong recoveries during the past 18 months. In 2025 international trading patterns were thrown into uncertainty by US
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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.
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Drop off in supply sends market higher
32,722 bales were sold this week, slightly above the average for the last year (32,192 bales sold) but well below the relatively high average bales sold for the last 2 months (38,646). The AUD was up 0.36¢ against the greenback to 71.67¢ with the EMI raising 57¢ to 1358¢ in USD.
All local market indicators recorded consistent rises with Sydney up 76¢ to 1960¢, Melbourne saw a 67¢ rise to 1852¢ and Fremantle was up 73¢ to 2125¢.
In Sydney, fine and medium merino saw large price gains with 17.5 MPG up 91¢ to 2603¢, 18.5 MPG up 96¢ to 2468¢ and 19.5 MPG up 121¢ to 2277¢. Crossbred wool saw 26 MPG gain 77¢ to 915¢ with cardings having the smallest rise, up 9¢ to 1109¢.
In Melbourne, fine merino had a great week with 16.5 MPG up 136¢ to 2658¢, 18 MPG up 123¢ to 2557¢ and 19 MPG up 107¢ to 2369¢. Medium saw 20 MPG rise 87¢ to 2220¢ with crossbred wool and cardings lagging, 26 MPG was up 13¢ to 881¢ and cardings was up 27¢ to 1105¢.
In the west, fine merino 18.5 MPG rose 77¢ to 2448¢, medium merino 19.5 MPG was up 79¢ to 2272 and carding enjoyed a 48¢ gain to 1122¢.
This week in Mecardo, Andrew Woods explores the extent of rising wool price cycles given the rapid change in wool prices this season. Noting that there is room for further price rises in the next two to three months before this cycle matches the median pattern for the past 40 years. (Article available here)
The week ahead….
The national offering is forecast 18.7% higher from 33,666 to 39,956, given the recent levels of tight supply and results this week, a strong correction is unlikely.
Next week’s sales are scheduled for Wednesday in Fremantle, Tuesday and Wednesday in Melbourne and Wednesday and Thursday in Sydney.
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Data sources: AWEX, Mecardo
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Crossbred and then merino prices have staged strong recoveries during the past 18 months. In 2025 international trading patterns were thrown into uncertainty by US
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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.
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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.