The opening week of the 2025–2026 Australian wool marketing season brought a steady overall result, though price fluctuations across different wool types signaled underlying shifts in market dynamics.
The Eastern Market Indicator (EMI) recorded little movement in Australian dollar terms but climbed 1.3% in US dollar terms, despite a stronger AUD. The rise suggests continued offshore interest, especially from key export markets like China.
According to the Australian Wool Innovation (AWI), exporter sentiment was cautious ahead of the sale, with subdued business activity contributing to softer pricing for Merino wool, particularly in the mid-micron range, which fell by around 15 Australian cents.
However, crossbred wools were the standout performers, enjoying gains of 15 to 25 cents, driven by increased buyer competition and a notable surge in demand. In contrast, finer-than-18-micron and broader-than-20-micron Merino wools saw modest gains between 5 and 15 cents, while carding types rose approximately 5 cents.
China’s top manufacturers led purchasing activity in the Merino sector, backed by a major trading house, while independent traders dominated buying across crossbred and other wool categories.
The overall auction landscape reflects a complex start to the new season, shaped by currency movements, varied global demand, and ongoing inventory considerations.
Looking ahead, approximately 29,000 bales are expected to go under the hammer across all selling centres next week, with market participants closely watching international demand signals and currency fluctuations.
