Business & Rural
2 February, 2026
WOOL REPORT: continued trend higher
In the merino fleece types, these gains were between 16 and 42 cents. With all sectors positive, the EMI rose by 35 cents, over the previous three selling days the EMI gained 142 cents, a 9.2% lift.
THE Australian wool market has continued to trend higher, adding further increases to the large rises on offer during the previous selling series.
Last week’s strong gains encouraged more sellers to the market. There was a total of 43,497 bales available to the trade, this was the largest national offering since the corresponding sale of the previous season (Week 30). Despite the larger than normal offering buyer sentiment was buoyant, with many predicting a solid market. On the opening day, the market defied expectations, recording further rises across all sectors.
By the end of the day the daily report was a welcome sea of green, with all published Micron Price Guides (MPGs) posting rises.
In the merino fleece types, these gains were between 16 and 42 cents. With all sectors positive, the EMI rose by 35 cents, over the previous three selling days the EMI gained 142 cents, a 9.2% lift.
On the second day buyer activity was more cautious, with the market generally consolidating the rises of the previous day, with some small gains in the merino fleece sector on offer. With little movement in the other sectors, the EMI finished the day 6 cents higher. The EMI finished the week at 1,689 cents, a 41-cent lift. The crossbreds had a very strong week, recording the largest rises in percentage terms. This is best highlighted if we focus on the Southern MPGs. The gains were all recorded on the first day, with 28-micron rising by 43 cents, an increase of 6.3%. The 30.0-micron MPG added 37 cents, a 6.2% increase. The rise of these MPGs across the previous twelve months has also been impressive. Since the corresponding sale of last year, the 28- and 30-micron MPGs have increased by 77.6% and 78.4% respectively.
This week’s sale days change to today and tomorrow to accommodate the Australia Day Public holiday.
Glendon Hancock
0429 829 613
Glendon.Hancock@elders.com.au
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