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.
A reader has asked whether synthetic fibre prices have settled down, implying there is an equilibrium price level for these fibres. That implication is not
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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
Categories
Have any questions or comments?
Fibre prices
A reader has asked whether synthetic fibre prices have settled down, implying there is an equilibrium price level for these fibres. That implication is not
Price stable as offering declines
A lower bale offering helped the Australian wool market set a very modest overall price rise, with the Eastern Market Indicator (EMI) up by 1¢
Merino supply and price
Supply is the topic of the moment in discussions about the greasy wool market, or more accurately low supply and its impact on price. Supply
Sellers unwilling to part with wool at current market
This week prices fell in the Australian wool market and pass in rates remain high as volumes have been slowly creeping back up to 30,000
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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.