Wool bales

The wool market softened this week overall with AWEX reporting the skirting market was the strongest performing sector for the week, especially those with less than 5% VM levels.

The Eastern Market Indicator (EMI) fell again this week, slipping 14ȼ on last week to close at 1,407ȼ. The Australian dollar continued to strengthen, improving by 0.11ȼ with the AUD quoted at US$0.7293. This resulted in the EMI in US dollar terms moving up by another 5 cents to settle at 1026ȼ.

Over in the west, the Western Market Indicator (WMI) also fell by a similar amount, down 15ȼ to finish the week at 1444ȼ. The 18 MPG in Fremantle lifted by 14ȼ but all other indicators 21 MPG and finer fell between 18 & 32ȼ. Fremantle sold 8,430 bales while passing in 15.3% of the offering.

In Melbourne all bar one of the micron categories fell for the finer to medium types, ranging from 3ȼ for the 20MPG to a 50ȼ fall for the 17MPG. The 19.5MPG was the only micron indicator that lifted, albeit only by 1 cent.

 In Sydney, the 17.5MPG to 21MPG all fell between 6 to 25 cents although the finer types there, 16.5 & 17 MPG were the strongest performers for the east coast, lifting 2 & 11 cents respectively.

Crossbred wools all fell between 1 & 12 cents, bar the 28 MPG in Sydney which lifted by 1 cent.  Cardings in Sydney & Melbourne were 23 & 14ȼ weaker whilst in Fremantle cardings lifted by 5 cents.  

The national offering rose by just over 1,000 bales to 50,120 bales offered. The national pass-in rate was 12.2% which resulted in 44,028 bales sold, about the same as the week prior.

Our thoughts are with the communities affected by the extreme weather events in northern NSW & south east QLD.  The Australian Wool Innovation has some good resources & links for those affected by the flooding in NSW & for those in QLD the  Department of Agriculture & Fisheries has information on financial assistance.

The week ahead….

Another large offering next week of 52,1462 bales listed with all centres selling on Wednesday & Thursday, with no sales scheduled for Tuesday.

Have any questions or comments?

We love to hear from you!
Print This Post

Click on graph to expand

Click on graph to expand

Click on graph to expand

Data sources:

AWEX, AWI, Mecardo

Make decisions with confidence- ask about our board packs, bespoke forecasting and risk management services

Have any questions or comments?

We love to hear from you!

Wool warms to Winter

Last week’s positive move continued with the market posting gains across all MPG’s, with the exception of 16.5 MPG in Melbourne which eased slightly. This

Read More »

Bale breakdown for May

Wool supply is one of the key components of the greasy wool market, and the greater supply chain, which we can monitor closely as the

Read More »

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

Commodity conversations podcast cover image, a illustration of a sheep standing on a cow's back with grain either side
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.

Photo of a farmer surrounded by Merino sheep in dusty yards
Research: Analysis of the Australian sheep flock

In this report for LiveCorp and MLA, we analysed the historical trends in the demographics of the Australian sheep flock, examining domestic factors that influence farm-level enterprise decision making. 

Image of harvested grain pouring into a chaser bin

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.