Business & Rural
21 March, 2026
WOOL REPORT: recording an overall rise
The large price rises on offer during the previous week encouraged more sellers to the market, bolstering the national offering.
THE Australian wool market has recorded an overall rise last week, albeit by a small margin, with weakness shown toward the end of the selling series.
The large price rises on offer during the previous week encouraged more sellers to the market, bolstering the national offering.
There was a total of 45,476 bales available to the trade. On the opening selling day (Tuesday) only Sydney and Fremantle were in operation, as Melbourne shifted to a Wednesday/Thursday selling pattern to accommodate a Monday Public Holiday.
Despite many industry observers predicting a weaker market, the Sydney fleece market opened extremely strongly and by the end of the day, the Micron Price Guides (MPGs) in the North had risen by between 49 and 78 cents. In contrast the Fremantle market was more subdued, here the MPGs finished the day between 10 and 26 cents higher.
The 29-cent rise in the Northern Indicator was enough to push the benchmark Eastern Market Indicator (EMI) up by 12 cents.
On the second day (Wednesday) all three centres were in operation. The Melbourne market played catch up with the other two centres, recording increases in all merino fleece MPGs, of between 1 and 30 cents. Sydney and Fremantle were unable to maintain the upward trajectory, recording falls across all their MPGs, between 3 and 35 cents. Despite the falls in the North, the rises in the South were enough to push the EMI higher again, this time by 6 cents. This rise marked the twelfth selling day in a row where the EMI rose, equalling the fifth highest run on record. On the final day (Thursday) it was Melbourne selling in isolation. Generally small losses were recorded.
The EMI ended its upward run at twelve, dropping 2 cents for the day. This week’s offering is slightly smaller, there is expected to be 42,953 bales on offer in Sydney, Melbourne and Fremantle.
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