The Australian wool market has continued to trend higher, recording an overall weekly rise for the third consecutive series and posting daily increases across all three selling days.
The national offering rose by 5,648 bales. There were a total of 38,246 bales available to the trade.
On the opening day, only Sydney and Fremantle were in operation, with Melbourne shifting to Wednesday/Thursday selling to accommodate a Monday public holiday. By the end of the day all sectors, across both centres recorded rises.
The benchmark AWEX Eastern Market Indicator (EMI) rose by 5 cents, with only the 12 cent rise in the Northern indicator influencing the result. On the second day all three centres were in action and the market continued to rise.
The EMI added a further 9 cents for the day, only a lacklustre performance from the Melbourne crossbred sector preventing a larger increase in the EMI. On the final day Melbourne sold in isolation and the market continued to rise unabated.
With only Melbourne contributing to the EMI the increase for the day was 3 cents.
This rise in the EMI marked the eighth selling day in row of positive movements. The EMI has added 102 cents across this run.
This was the equal longest run of daily rises in the EMI since May 2022. The last time the EMI had a longer upward run of daily rises was back in November 2016, when the EMI posted nine consecutive increases.
The EMI finished the week 17 cents higher, closing the selling series at 1,242 cents.
The EMI is now 88 cents higher than its 2025 opening and exactly 100 cents higher for the 2024/25 selling season.
In welcome news, despite a strengthening of the Australian dollar, the market also rose in USD terms, adding 20 US cents for the week.
Next week the national offering is expected to rise to 41,064 bales.
Table showing wool prices for Season 2024/25, Week 37
Graph showing Eastern Market Indicator (EMI) to 14 March 2025
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The information contained in this article is given for general information purposes only, current at the time of first publication, and does not constitute professional advice. The article has been independently created by a human author using some degree of creativity through consultation with various third-party sources. Third party information has been sourced from means which Elders consider to be reliable. However, Elders has not independently verified the information and cannot guarantee its accuracy. Links or references to third party sources are provided for convenience only and do not constitute endorsement of material by third parties or any associated product or service offering. While Elders has exercised reasonable care, skill and diligence in preparation of this article, many factors including environmental/seasonal factors and market conditions can impact its accuracy and currency. The information should not be relied upon under any circumstances and, to the extent permitted by law, Elders disclaim liability for any loss or damage arising out of any reliance upon the information contained in this article. If you would like to speak to someone for tailored advice specific to your circumstances relating to any of the matters referred to in this article, please contact Elders.
Read previous reports
Wool market update 7 March
Wool market update 28 February
Wool market update 21 February