The Australian wool market has continued its relatively positive start to 2025, with the Eastern Market Indicator (EMI) rising again this week. Sellers benefitted from lower supply, a shorter selling week and a further decline in the Australian dollar.
Overall, the market has started 2025 on a positive note, with the EMI currently trading 38 cents above its opening level for the year. the EMI has only fallen once this year—a 4-cent dip on January 21. This week the EMI finished 6 cents higher at 1,192 cents.
The only losses for the week were confined to the finer end of the spectrum in Melbourne, with 16.5MPG losing 23 cents to 1793. On the east coast, 20MPG in Syndey recorded a 12c gain to 1430c/kg. The Western market had a great week, with 9c-28c gains across the offering and a 19c improvement in the Western Market Indicator (WMI) to 1344c/kg
Crossbred wool was sought after in both eastern markets, with improvement across the board, ranging from a 5cent jump through to a 40c improvement for 28MPG in Sydney to 450c/kg.
This week’s offering of 33,436 bales was a significant 33% decrease from last week’s massive offering of 49,692 bales in the previous week. The easing supply saw the pass-in rate decline week on week to 5.9% nationally. In the current context of the market, sellers seem to be willing to accept the marginal improvement in pricing on offer on auction day.
Next week
Next week’s national offering is expected to increase, with 38,361 bales set to be offered across Sydney, Melbourne, and Fremantle. The market will return to a normal sale schedule following last week’s disruption due to the Australia Day long weekend.
The Australian wool market stabilised this week, with the Eastern Market Indicator (EMI) down just 1 cent to 1,189 c/kg, despite currency swings impacting USD
The Australian wool market softened this week as a firmer Australian dollar and a sharp decline in wool quality weighed on buyer sentiment. The Eastern
The latest AWTA core test volume data shows a continued fall in Australian wool production, which is not surprising given the tough seasonal conditions across
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Slump in supply supports pricing
Overall, the market has started 2025 on a positive note, with the EMI currently trading 38 cents above its opening level for the year. the EMI has only fallen once this year—a 4-cent dip on January 21. This week the EMI finished 6 cents higher at 1,192 cents.
The only losses for the week were confined to the finer end of the spectrum in Melbourne, with 16.5MPG losing 23 cents to 1793. On the east coast, 20MPG in Syndey recorded a 12c gain to 1430c/kg. The Western market had a great week, with 9c-28c gains across the offering and a 19c improvement in the Western Market Indicator (WMI) to 1344c/kg
Crossbred wool was sought after in both eastern markets, with improvement across the board, ranging from a 5cent jump through to a 40c improvement for 28MPG in Sydney to 450c/kg.
This week’s offering of 33,436 bales was a significant 33% decrease from last week’s massive offering of 49,692 bales in the previous week. The easing supply saw the pass-in rate decline week on week to 5.9% nationally. In the current context of the market, sellers seem to be willing to accept the marginal improvement in pricing on offer on auction day.
Next week
Next week’s national offering is expected to increase, with 38,361 bales set to be offered across Sydney, Melbourne, and Fremantle. The market will return to a normal sale schedule following last week’s disruption due to the Australia Day long weekend.
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Click on graph to expand
Click on graph to expand
Data sources: Mecardo, AWEX
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Volume light, demand tight, and a flat EMI
The Australian wool market stabilised this week, with the Eastern Market Indicator (EMI) down just 1 cent to 1,189 c/kg, despite currency swings impacting USD
Volumes ain’t volumes
Weekly auction volumes of wool offered are often bandied around as a measure of whether supply is set to outstrip or fall short of demand,
Wool dips as quality slips
The Australian wool market softened this week as a firmer Australian dollar and a sharp decline in wool quality weighed on buyer sentiment. The Eastern
What are wool prices doing in response to lower supply?
The latest AWTA core test volume data shows a continued fall in Australian wool production, which is not surprising given the tough seasonal conditions across
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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.