Wool in shearing shed

The market moved higher this week, with the Eastern Market Indicator gaining 17¢ to 1521¢/kg clean, while the Western Market Indicator lifted 11¢ to 1676¢. Supply eased to 35,335 bales offered and 33,532 sold, with a low 5.1% pass-in rate helping support prices. The Australian dollar hovered around US 65.8¢ during the week, and the USD EMI reflected this, rising 23¢ to 1001¢/kg and recording a larger lift than in local terms.

In Sydney, Merino fleece recorded broad gains, with the 17 MPG rising 15¢ to 2133¢, the 18 MPG lifting 13¢ to 2013¢, and the 19 MPG jumping 40¢ to 1909¢. Crossbreds were mixed, with the 28 MPG easing 15¢ to 645¢, while northern cardings closed 2¢ higher at 807

Melbourne posted similar strength, with the 20 MPG rising 13¢ to 1828¢ and the 21 MPG gaining 13¢ to 1819¢. Crossbred categories were largely steady, highlighted by the 28 MPG finishing 1¢ higher at 666¢. Southern cardings finished 14¢ higher at 759¢

Fremantle was also stronger. The 19 MPG increased 6¢ to 1864¢, the 20 MPG rose 13¢ to 1830¢, and the 21 MPG lifted 8¢ to 1810¢. Other Merino indicators in the west also recorded small to mid-teen rises, and cardings closed 16¢ higher at 777¢

This week in Mecardo, Andrew Woods examined 12 months of sale data to assess non-mulesed (CM/NM) and pain-relief (AA) declarations across the states (see article here). He found Tasmania clearly leads, with around 50% of its clip declared CM/NM, while nationally, 24% of all wool and 18.7% of Merino wool is CM/NM. Pain relief remains far more common, used on roughly 40% of the national clip and just over 50% of the Merino clip. His analysis also showed that around 30% of Australia’s wool still arrives mulesed or undeclared, and with AA uptake slowing in recent years, future progress will likely hinge on how strongly markets continue to reward improved welfare declarations.

Next week

Next week brings 41,383 bales to market, the second-last sale before the Christmas recess, with all centres selling on Tuesday and Wednesday. Buyer interest remains steady but selective heading into the break, and the larger December catalogues should provide a clearer read on demand.

Have any questions or comments?

We love to hear from you!

Click on graph to expand

Click on graph to expand

Data sources: AWEX, AWI, Mecardo

Have any questions or comments?

We love to hear from you!
Wool
Wool

New year reset lifts wool market

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

Read More »
Wool

Steady as she goes to wrap up 2025

The Australian wool market concluded the final sale week of 2025 in unspectacular fashion. The Eastern Market Indicator finished the week at 1541¢/kg, down 1¢,

Read More »
Wool

2025 in wool

With the last wool auction sales being held this week in Australia, and South Africa auctions already in recess, it is timely to look at

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.

156A7986_LQ-oxuut6zdthc8o09e5yux8merbgc55xv1zecznd47xo (2)
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.