The Australian wool market has continued its positive start to the 2025 calendar year, recording further solid rises in this selling series.
The national quantity rose compared to last week, due in part to the higher prices on offer during the previous series. This encouraged more sellers to the market. There were a total of 37,650 bales available to the trade.
The first day of selling was buoyant, from the opening lot it was apparent that the market was heading in a positive direction. By the end of the day, the individual Micron Price Guides (MPGs) across the country for merino fleece had risen by between 6 and 41 cents. Only the 17 micron MPG in the north resisted the trend, falling by a solitary cent.
The benchmark AWEX Eastern Market Indicator (EMI) added a healthy 15 cents for the day.
On the second day only Sydney and Melbourne were in operation and the market generally continued to rise, predominantly in the medium to broad microns. In the south the 21.0 micron MPG climbed to 1,449 cents. This is its highest point since the 10 May 2023.
The EMI added another 8 cents, finishing the series 23 cents higher, closing at 1,215 cents. The EMI is now at its highest point since the 10 January 2024. The EMI has now risen for four consecutive selling days.
Minimal currency movement since the close of the previous series meant that the market gains were also realised in US dollar terms. The EMI added 18 US cents for the series, closing the week at 760 US cents. This was the highest weekly rise in US cents since April last year.
Next week’s national offering is expected to increase, again buoyed by more sellers being attracted to the market. There are currently 41,243 bales rostered in Sydney, Melbourne and Fremantle.
Table showing wool prices for Season 2024/25, Week 32
Graph showing Eastern Market Indicator (EMI) to 7 February 2025
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