Business & Rural
31 March, 2026
WOOL REPORT: market meets highest point since pre-COVID
There was a total of 42,278 bales available to the trade, this was 3,198 less than in the previous week.
AFTER reaching its highest point since June 2019, the Australian wool market has been unable to continue on its upward journey, recording losses last week.
There was a total of 42,278 bales available to the trade, this was 3,198 less than in the previous week.
On the first day, from the opening lot in the Eastern centres the market was on the decline, these losses continued through the day.
As Sydney and Fremantle did not suffer the falls recorded in the standalone Melbourne sale of Thursday last week, the largest falls were recorded in these centres.
The Micron Price Guides (MPGs) across the country for merino fleece dropped by between 16 and 68 cents.
The skirtings and crossbred sectors tracked on a similar path to the fleece, while the oddments managed a small average rise.
The end result was 22 cent fall in the benchmark EMI. This was the largest daily drop in the EMI since the January 28.
The second day the market continued on in a similar fashion.
There were losses across all merino fleece MPGs, this time Fremantle selling last, recording the largest decreases.
The MPGs lost between 4 and 40 cents. With the skirtings and crossbreds also falling again, the EMI lost 10 cents for the day.
The EMI finished the week 32 cents lower, closing at 1,751 cents.
This was the largest weekly fall in since October last year.
Currency contributed to the falls, the EMI finished the series 26 US cents lower, at 1,246 cents.
Read More: St Arnaud