Week S09: 27/08/2025: The AWEX EMI closed on 1261c up 14c at auction sales in Australia this week. The EMI posted 7c rises over both selling days with the EMI in USD terms also rising 14c for the week. The national offering fell back to 29,304 bales for the week with Fremantle offering on Tuesday only. 94.6% of the offering was cleared to the trade with the northern region passing in 2.4% whilst southern region pass in was 6% and the West 11.3%. Exporters and (Indents) mill buyers were intent to continue their positive approach to buying, and most grower sale lots achieved returns of 10 to 20c over the previous week’s levels. The EMI has added 53c over July and August posting the 6th consecutive weekly rise and the 10th in a run of daily rises this week. Brokers are reporting large reductions in receivals over the past month due to “wet weather” however the AWPFC have released their August Forecast with the predicted wool production set to fall 10.2% in the 2025/26 season (from 280 Mkg to 251.5 Mkg). The question is being asked “is the quantity of wool really there?”.