Keen competition for Merino fleece underpinned an 11¢ rise in the EMI to 1,139 ¢/kg clean this week.
This encouraged sellers and resulted in good clearance with low pass-in rates across the auction centres.
There was solid support for this week’s designated Superfine
sale in Sydney, which produced solid price rises across the MPG range (11 to 56
cents) as buyers chased fine, stylish, sound (>40Nktex) lots with low
(<1%) VM. Well prepared Merino skirtings with low (<5%) VM and favourable
strength (>30 N/ktex) gained 15 to 25 cents. Minor price movements occured
in the crossbred sector with fault free lots unchanged in Sydney, however
Melbourne had falls of 9 to 28 cents in its crossbred offering.
Locks gained ground while crutchings and stains were unchanged
in a firm oddments sector for Sydney, however in Melbourne it was a different
story. Merino locks with low (<2%) VM rose on Tuesday, but the sector
weakened on Wednesday.
The national offering was slightly smaller (39,157 bales down
535 bales) with the national pass in rate nearly halving from last week (4.5%).
The crossbred and oddments sectors couldn’t maintain their
recent momentum and trended lower.
This week on
Mecardo Andrew Woods looked at the supply non-mulesed wool and also the
main quality assurance schemes which are the conduit for demonstrating this
change.
To squeeze value out of offering non-mulesed merino wool for
sale, accreditation to a quality scheme is becoming a requirement as it
evidenced by the sub-18 micron categories where half or more are accredited to
a quality scheme. Meaningful volumes of non-mulesed and accredited wool remain
a long way off for the major merino micron categories in Australia.
Next week
Next week 42,117 bales are currently rostered for sale with
all three centres in action.
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
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Merino wool market produces an up-lift
There was solid support for this week’s designated Superfine sale in Sydney, which produced solid price rises across the MPG range (11 to 56 cents) as buyers chased fine, stylish, sound (>40Nktex) lots with low (<1%) VM. Well prepared Merino skirtings with low (<5%) VM and favourable strength (>30 N/ktex) gained 15 to 25 cents. Minor price movements occured in the crossbred sector with fault free lots unchanged in Sydney, however Melbourne had falls of 9 to 28 cents in its crossbred offering.
Locks gained ground while crutchings and stains were unchanged in a firm oddments sector for Sydney, however in Melbourne it was a different story. Merino locks with low (<2%) VM rose on Tuesday, but the sector weakened on Wednesday.
The national offering was slightly smaller (39,157 bales down 535 bales) with the national pass in rate nearly halving from last week (4.5%).
The crossbred and oddments sectors couldn’t maintain their recent momentum and trended lower.
This week on Mecardo Andrew Woods looked at the supply non-mulesed wool and also the main quality assurance schemes which are the conduit for demonstrating this change.
To squeeze value out of offering non-mulesed merino wool for sale, accreditation to a quality scheme is becoming a requirement as it evidenced by the sub-18 micron categories where half or more are accredited to a quality scheme. Meaningful volumes of non-mulesed and accredited wool remain a long way off for the major merino micron categories in Australia.
Next week
Next week 42,117 bales are currently rostered for sale with all three centres in action.
Have any questions or comments?
Click on graph to expand
Click on graph to expand
Data sources: AWEX
Categories
Have any questions or comments?
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
Crossbred supply and price in 2025-26
The 2025-26 season was a good one generally for wool with prices up by 30-40% (season averages) for the AWEX MPGs across the board in
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
2025-26 merino prices and volumes
The 2025-26 season has been one of those seasons where wool prices staged a strong rising price cycle, against a backdrop of a falling merino
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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.
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.