Business & Rural
23 February, 2026
WOOL REPORT: market rises again
On the opening day the movements in the Micron Price Guides (MPGs) for merino fleece ranged between minus 4 and plus 32 cents.
THE Australian wool market has rose again last week, recording overall gains across both selling days.
There was a total of 37,301 bales available to the trade. Of this total 35,417 bales were sold, again showing the willingness of sellers to accept the prices on offer, as only 5.1 per cent was passed in.
On the opening day the movements in the Micron Price Guides (MPGs) for merino fleece ranged between minus 4 and plus 32 cents.
The skirtings were irregular, while the crossbreds recorded modest falls.
The benchmark Eastern Market Indicator (EMI) finished the day 12 cents higher.
The second day recorded very little change across all three centres, the EMI rose by 4 cents. This pushed the EMI up to 1,693 cents.
This is the highest the EMI has been since August 2019.
The EMI has been trending higher since the beginning of November. There have been 22 selling days since November 4, the EMI has risen on 19 of those days.
The EMI has added 276 cents across these sales, an increase of 19.5 per cent.
When viewed in USD terms the increase is even more substantial. Since the beginning of November, the EMI has gone up by 272 US cents, recording a decrease across only three of those days.
This equates to a 29.7 per cent rise.
The EMI is now sitting on 1205 US cents, the EMI in USD terms is at its highest point since July 2019.
Some large gains in the oddment market, particularly in the West on day one, have helped to push the Merino Carding Indictors (MC) up again, continuing the upward trend. Across the three regions the MCs climbed by an average of 28 cents.
This week the wool market heads into a recess for Chinese New Year. Sales will resume next Monday.
Glendon Hancock
0429 829 613
Glendon.Hancock@elders.com.au