The Australian wool market returned from the Christmas and New Year recess with a strong re-rating across all selling centres, as buyers returned from the break with renewed and spirited intent. The EMI lifted by 107ȼ for the week to close at 1,648ȼ/kg, while the Western Market Indicator rose by 131ȼ to finish at 1,846ȼ/kg. National offering totalled 37,065 bales, with 36,585 sold and a pass-in rate of 1.3%.
Eastern markets recorded strong gains across both merino and crossbred categories. In Sydney, the 18 MPG lifted by 125ȼ to close at 2,167ȼ/kg, while the 19 MPG rose by 153ȼ to finish at 2,071ȼ/kg. In Melbourne, the 18.5 MPG increased by 134ȼ to 2,103ȼ/kg, and the 19 MPG gained 131ȼ to close at 2,042ȼ/kg. Melbourne crossbred MPGs also moved higher, with the 26 MPG lifting by 56ȼ to 818ȼ/kg and the 28 MPG rising by 20ȼ to 685ȼ/kg.
In the West, Fremantle MPGs also recorded strong gains through the fine and medium merino categories. The 18 MPG closed at 2,142ȼ/kg, up 131ȼ, while the 19 MPG finished at 2,044ȼ/kg, up 145ȼ. The Fremantle Merino Carding Indicator also lifted, closing at 889ȼ/kg, up 78ȼ for the week.
This week in Mecardo (see article here), Andrew Woods analysed the Australian merino wool supply by mulesing status, using auction sales as a proxy for supply. He noted that ceased and non-mulesed (CM-NM) merino wool now accounts for 21% of sales, with analgesic anaesthetic (AA) wool at 48%, leaving non-declared and mulesed wool at around 30% of the clip. He also highlighted that total merino auction volumes have fallen since mid-2024 to around 124–129 mkg clean, with AA volumes down 16% and non-declared mulesed volumes down 29% compared with last season, underscoring the uneven contraction across supply categories.
The week ahead….
Next week’s national offering is set at 43,326 bales, with Sydney, Melbourne and Fremantle all selling on Tuesday and Wednesday.
The Australian wool market recovered from the losses recorded in the previous series, with prices lifting across both selling days. The Eastern Market Indicator rose
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New year reset lifts wool market
Eastern markets recorded strong gains across both merino and crossbred categories. In Sydney, the 18 MPG lifted by 125ȼ to close at 2,167ȼ/kg, while the 19 MPG rose by 153ȼ to finish at 2,071ȼ/kg. In Melbourne, the 18.5 MPG increased by 134ȼ to 2,103ȼ/kg, and the 19 MPG gained 131ȼ to close at 2,042ȼ/kg. Melbourne crossbred MPGs also moved higher, with the 26 MPG lifting by 56ȼ to 818ȼ/kg and the 28 MPG rising by 20ȼ to 685ȼ/kg.
In the West, Fremantle MPGs also recorded strong gains through the fine and medium merino categories. The 18 MPG closed at 2,142ȼ/kg, up 131ȼ, while the 19 MPG finished at 2,044ȼ/kg, up 145ȼ. The Fremantle Merino Carding Indicator also lifted, closing at 889ȼ/kg, up 78ȼ for the week.
This week in Mecardo (see article here), Andrew Woods analysed the Australian merino wool supply by mulesing status, using auction sales as a proxy for supply. He noted that ceased and non-mulesed (CM-NM) merino wool now accounts for 21% of sales, with analgesic anaesthetic (AA) wool at 48%, leaving non-declared and mulesed wool at around 30% of the clip. He also highlighted that total merino auction volumes have fallen since mid-2024 to around 124–129 mkg clean, with AA volumes down 16% and non-declared mulesed volumes down 29% compared with last season, underscoring the uneven contraction across supply categories.
The week ahead….
Next week’s national offering is set at 43,326 bales, with Sydney, Melbourne and Fremantle all selling on Tuesday and Wednesday.
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Data sources: AWEX, AWI, Mecardo
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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.
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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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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.