Market Intelligence
Weekly Wool Market Commentary
Moses & Son is committed to providing our valued customers the most current information and data to empower your decision-making process. Discover our latest Australian wool market weekly update below, along with archived reports for your perusal and analysis.
2024-S51
Week S51: 18/06/2025: The AWEX EMI closed the week on 1207c, up 10c at auction sales in Australia this week. 20,756 bales were offered nationally with Fremantle not offering, which resulted the smallest weekly offering this season. The slightly stronger market resulted in a 94.6% clearance rate, which in turn was a slight improvement on the season average pass in rate of 8.0%. For the wool producers who choose to offer, their price expectations are now better aligned with the short medium term market signals. China Top makers dominated purchasing whilst supported well by the Trading Exporters and the ever-present Chinese Indent operators.
Merino Fleece
The Merino Fleece market saw the better style and specified lots open strongly, with rises in the 16.5- 19 MPG’s. 19.5-20 MPGs measured a 20c decrease on Tuesday which was more an alignment between centres rather than a decrease in price. Wednesday saw the market consolidate on most MPG’s with some isolated MPG’s increasing slightly. The culmination resulted in a 30-40c rise in the superior style and specified lots whilst the good to average style and specified fleece lines added up to 10c for the week. Now that South Africa have commenced their 2-month sale recess premiums for the suitably specified lots of Certified Integrity Scheme 18-20 µ are starting to increase to a reasonable level. The largest quantities were purchased by 4 buyers taking similar quantities totalling 48% of the M Fleece offering.
Merino Skirtings
Remained in sellers favour with the usual premium for the best style and prepared low VM skirtings obvious. This week saw increased bidding on a slightly heavier VM which resulted in price increases as much as 40c measured for the week. Stretching the discount for Cotted and Coloured skirtings.
Merino Cardings
Showed little or no change in Sydney however a 9c uplift on the MC was measured in the Southern Region sales. Bulky cardings >50mm are attracting better attention from the buyers.
Crossbred Fleece
Crossbred Oddments
Crossbreds
Under 1000 bales of Crossbred wool was offered in Sydney for the week making it hard to quote. The best indication of success was the 98.5% clearance in the Northern selling Centre. The Melbourne market rose 5-13c on Tuesday, and mostly maintained this rise with the exception of a 6c fall in the 26 MPG and a 5c rise in the 28 MPG. The 30 MPG is 60c (17.4% up on the same sale last year and 41% up on the same sale 2 years ago).
Next Week
Fremantle returns to the market, with the national offering expected to be 32,648 bales. Whilst sales continue for another 5 weeks before the Australian wool industries 3-week mid-year recess, next week is the final sale of the 2024/25 financial year. ~ Marty Moses.
Market Commentary
With a week to go before World events continue to keep our customers cautious as Israel and Iran conflict is still escalating 6 days from the initial attack. The world is now awaiting to see if the US Military will be activated to support Israel defending against a nuclear attack from Iranian forces. Supply now comes into view as the season draws to the close. A combination of tough seasonal conditions in the Southeastern and Southern Australia coupled with the reduction of sheep numbers in Western Australia due to the implementation of the Live export, has resulted in the YTD bales offered being 249,097 bales less than the previous year or -14.1%. From a world supply aspect supply of apparel wool will be dealing with the South Africa auction sales going into a 2-month recess. Along with the historically high prices for Mutton and Lamb these may be the only positives evident in the sea of negatives currently staring woolgrowers in the face. Whilst our Market Intelligence sources indicate no change in the short medium term, the current geopolitical issues could produce a “black swan event”. Considering all factors I am very conservative on the outlook for Merino Wool.