In a fitting end to a season marked by volatility and tight supply, the wool market held firm in the final sale of the 2024–25 season. The Eastern Market Indicator (EMI) closed unchanged at 1,207 cents per kilogram, providing a steady close despite global trade tensions. This week’s offering reached 29,848 bales, with a low pass-in rate of 7.4 percent.
Micron
movements were generally subdued, with some regional variation. In the South,
the 18MPG slipped 4 cents to 1,600 cents, while the 21MPG eased 6 cents to
1,377 cents. The North also saw softer results, with the 19MPG down 15 cents.
In contrast, the West recorded firmer demand for broader types, with the 28MPG
lifting 23 cents to 675 cents, making it the season’s strongest performer in
percentage terms. Skirtings were mixed across all centres, and cardings posted
modest gains, particularly in Fremantle, where the Merino Carding Indicator
rose 14 cents.
Across the
season, national supply was markedly tighter. Total bales offered fell 14.3% year-on-year,
with 1,565,809 bales put through auctions. That decline translated into a total
turnover of $1.94 billion, down $298 million from the previous year. Despite
that, the EMI still gained 65 cents for the season, a 5.7% increase in AUD
terms, though only 1.4 % higher in USD.
This week in Mecardo, Andrew Woods revisited apparel fibre prices, analysing
how the falling Australian wool supply is impacting the market (see article here). He
found that despite tighter volumes, wool prices remain subdued, with weak
global demand limiting any significant price lift across the broader fibre
sector.
The week ahead….
With the 2025–26 season kicking off next week and 30,351 bales on offer, auctions return to regular selling days. Despite the refresh from an admin point of view, the prevailing economic climate unfortunately doesn’t switch overnight and pricing will still likely trade in a narrow range.
The higher Australian dollar has prompted questions about the likely impact on local extensive agricultural commodity prices. Mecardo has covered this topic before. The relationship
The Australian wool market extended its winning streak this week, with the Eastern Market Indicator climbing 16¢ to finish at 1,693¢/kg ahead of next week’s
Greasy wool prices have increased markedly this season, in the absence of any substantial improvement in macroeconomic indicators or major apparel fibre prices, the usual
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
Independent analysis and outlook for wool, livestock and grain markets delivered to you as it’s published
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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.
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.
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.
Wool wraps up without a bang
Micron movements were generally subdued, with some regional variation. In the South, the 18MPG slipped 4 cents to 1,600 cents, while the 21MPG eased 6 cents to 1,377 cents. The North also saw softer results, with the 19MPG down 15 cents. In contrast, the West recorded firmer demand for broader types, with the 28MPG lifting 23 cents to 675 cents, making it the season’s strongest performer in percentage terms. Skirtings were mixed across all centres, and cardings posted modest gains, particularly in Fremantle, where the Merino Carding Indicator rose 14 cents.
Across the season, national supply was markedly tighter. Total bales offered fell 14.3% year-on-year, with 1,565,809 bales put through auctions. That decline translated into a total turnover of $1.94 billion, down $298 million from the previous year. Despite that, the EMI still gained 65 cents for the season, a 5.7% increase in AUD terms, though only 1.4 % higher in USD.
This week in Mecardo, Andrew Woods revisited apparel fibre prices, analysing how the falling Australian wool supply is impacting the market (see article here). He found that despite tighter volumes, wool prices remain subdued, with weak global demand limiting any significant price lift across the broader fibre sector.
The week ahead….
With the 2025–26 season kicking off next week and 30,351 bales on offer, auctions return to regular selling days. Despite the refresh from an admin point of view, the prevailing economic climate unfortunately doesn’t switch overnight and pricing will still likely trade in a narrow range.
Have any questions or comments?
Click on graph to expand
Click on graph to expand
Click on graph to expand
Data sources: AWEX, Mecardo
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Have any questions or comments?
Will a rising Australian dollar impact commodity prices?
The higher Australian dollar has prompted questions about the likely impact on local extensive agricultural commodity prices. Mecardo has covered this topic before. The relationship
Market momentum persists ahead of Chinese New Year
The Australian wool market extended its winning streak this week, with the Eastern Market Indicator climbing 16¢ to finish at 1,693¢/kg ahead of next week’s
Broad merino price, volume and price ratio
Greasy wool prices have increased markedly this season, in the absence of any substantial improvement in macroeconomic indicators or major apparel fibre prices, the usual
Wool market finds its footing
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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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.