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.
With the eternal battle between enterprises for farm resources continuing, it is interesting to stand back and see what has changed and what hasn’t between
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.
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.
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.
Market softens overall
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?
Click on graph to expand
Click on graph to expand
Click on graph to expand
Data sources:
AWEX, AWI, Mecardo
Categories
Have any questions or comments?
The Chinese sheep flock and wool clip
In any search for world sheep or wool information, the Chinese sheep flock and wool clip come up as the largest. Detail is important when
Weak dollar welcomes wool
The wool market returned from its three-week Christmas break making a very strong start to 2025. The market was assisted by a weaker AU dollar
History of the Southern hemisphere sheep flock
The recent AWPFC forecast for wool production to be down to levels of the early 1920s (and 2019) warrants a look at what has been
Wool production changes across Australia’s sheep regions
With the eternal battle between enterprises for farm resources continuing, it is interesting to stand back and see what has changed and what hasn’t between
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.
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.
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.