Business & Rural
13 July, 2026
WOOL REPORT: season opens softly
The market opened in the Eastern centres and from the opening few lots it was immediately apparent that the prices on offer were well below those achieved at the close of the previous week.
THE Australian wool market has opened the 2026-2027 wool selling season softly, with large losses recorded.
There was a total of 32,259 bales available to the trade, this was 4543 bales more than the corresponding sale of the previous season.
The market opened in the Eastern centres and from the opening few lots it was immediately apparent that the prices on offer were well below those achieved at the close of the previous week.
Main buyer focus was centred on good/best style wool, with vegetable matter less than 1.0 per cent and favourable additional measurement results.
With these types in short supply, they were least affected by the falling market.
Lesser style higher vegetable matter types were highly irregular.
The merino fleece Micron Price Guides (MPGs) across the country dropped by between 10 and 93 cents.
In a similar trend to the previous few series, strength in the broader crossbred section prevented a larger fall in the benchmark Eastern Market Indicator (EMI) which lost 34 cents for the day, a drop of 1.7 per cent.
The lower prices were met with seller resistance, resulting in a passed in rate of 21.2 per cent.
Currency only played a minor role in the negative movements, when viewed in USD terms the EMI fell by 27 US cents, a reduction of 2.0 per cent.
On the second day of selling only Melbourne and Sydney were in operation and the market settled to a degree, although there were further losses, they were not as large as the previous day, with some small gains recoded.
The EMI dropped a further five cents, closing the series at 1904 cents.
Although the market has had negative results over the previous two selling series, it is worth noting that the EMI is still well above where it was 12 months ago.
At the corresponding sale of the previous season the EMI was 1208 cents, meaning it is currently 696 cents higher.
Source: AWEX
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