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.
2025-S48
The AWEX EMI closed on 1934c up 54c at auction sales in Australia this week. 25,712 bales were offered across the three selling centres with Fremantle offering on Tuesday only.
The rise drove up the clearance rate to 98.7% with the EMI at its highest point since the 9th of May 2019 (at 1,952c) and many exporters predicting more strength in the market for the suitable wool types, for the traditional Chinese types may see a new record before the end of the financial year. The EMI also enjoyed a solid rise in USD terms adding 49 USc for the week to close on 1385c.
Merino Fleece
Merino fleece opened dearer in all centres on Tuesday, driven from the inset by the Chinese indent buyers being pushed by the large Australian Trading Exporters. The Market trajectory continued into Wednesday with notable veracity right until the last fleece lot was offered. Like many sellers Moses & Son cleared every lot offered yet again. Reports that this week’s rise was heavily influenced by consumer demand filtering down the pipeline, something we have not felt for some time. Many merino growers are now starting to feel the true value of this price rise with many of our clients receiving over $2500/bale and some up over $3000/bale.
Merino Skirtings
Merino Skirtings were also on their own upward trajectory which has been relentless since spring 2025. Best prepared skirtings continued to close the gap between their fleece counterparts whilst all other types were dearer.
Merino Cardings
Merino Cardings delivered the proverbial “Straight Flush” resulting from aggressive buying activity delivering another very strong week. If I had to identify the best performers, fine locks and best bulk crutchings were it, however most cardings were notably dearer.
Crossbred Fleece
Crossbred Oddments
Crossbreds
Crossbreds were hard to quote in the northern region but the numbers from the Melbourne offering indicated that the demand in the merino sector had carried into the crossbred sector. Best prepared and specified lots attracted aggressive competition and at times delivered extreme prices.
Next Week
Next week Sydney and Melbourne will offer 23,288 bales nationally, with Fremantle sitting out of the roster. ~Marty Moses
Graphs
Market Commentary
We have not mentioned the forward contracts for a while so here is the report from Southern Aurora Wool- “The forward market has been active since 21 May, with 40,000kg traded across 18, 19 & 28micron contracts. Most of the activity was in 19 micron contract, which accounted for 25,000kg of the reported trades. Buyers are still prepared to transact, but pricing remains below the current physical market commonly referred to as “Backwardation”. July 2026 traded at 2,295c/kg, October 2026 traded at 2,205c/kg and later 2,225c/kg, and November 2026 traded at 2,180c/kg. With the latest AWEX East average 19 micron MPG at 2,389c/kg, the forward market is still carrying a clear discount into spring and late 2026”.
With many farmers across the country busy finalising their cropping programmes, shearing is at its traditional low point. The wool held in brokers stores must be looking somewhat exhausted; however, Moses & Son have continued to receive wool from farms that are clearly several seasons old. “You can only sell them once!!”