Business & Rural
24 October, 2025
Improved style in fleeced wool
THE Australian wool market lost ground again last week with majority of merino fleece MPG’s losing 60 to 100 cents.
THE Australian wool market lost ground again last week with majority of merino fleece MPG’s losing 60 to 100 cents.
Finer microns were again most affected, while 19 microns and broader suffered the least. Fleece wools at this time of the year are presenting with improved style, which is aiding in narrowing overall discounts, wools are similar in average vegetable matter, with slightly lower Newton per Kilotex (NKT).
Mid breaks are at their seasonal low also. The largest daily fall occurred on the first day of sale with the EMI losing 43 cents while the second and final day the overall market while down resulted in an 18 cents drop overall in the EMI.
Within the New Zealand offering a line of wool measuring 12.7 micron returned 40,000 cents greasy.
Sale prices between 3000 to 4700 cents greasy were regularly achieved for lots within 13 to 14 microns.
The closing EMI is 27.9 per cent ahead of the same time last season and a total $88 million dollars higher in total value.
The retreating wool price has seen less wool eventually being sold to overseas mills as sellers remain bullish and setting reserves that see a quarter of all wool offered this week failing to sell.
Of the 41,000 bales originally rostered last week, which included 2,569 bales ex New Zealand, 28,589 bales eventually sold to export markets.
Season to date the number of bales offered for auction is 3.3 per cent less for than the same time last year, however AWTA (Australian Wool Testing Authority) figures are showing 16 per cent less bales being tested when compared to the same period.
This week’s sale is rostered at 40,124 bales, very similar to the last two weeks.
Glendon Hancock
Glendon.Hancock@elders.com.au
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