The Australian wool market held a steady tone this week, with selectivestrength across key micron categories. The Eastern Market Indicator (EMI) in Australian dollar terms rose 6 cents to 1,419 c/kg clean, marking a modest improvement. In contrast, the EMI in US dollar terms fell 9 cents to 924. ​

Auction volumes contracted, with 30,137 bales offered, a decline of 3,398bales (−10.1%) compared to last week. The national pass-in rate dropped to 6.1%, down from over 12% previously. 

Price movements varied across categories. Fine Merino types recorded the strongest gains, particularly in the 17–18.5µ range, supported by renewed demand for premium fleece. Medium Merino posted modest increases. Crossbred wools improved again, suggesting renewed buying at value levels.​

The Australian dollar softened this week, driven by the RBA’s decision to hold rates and tempered expectations of a December Fed rate cut. This decline supported local wool prices in A$ terms but pressured USD-denominated returns. While the softer currency enhances export competitiveness, ongoing volatility remains a key risk factor for offshore buying confidence.​

October AWTA Testing Data​

·       The total weight tested for October 2025 compared with October2024 shows a 5.1% rise in wool tested.​

·       The progressive weight tested for July 2025 to October 2025compared with the same period last season shows 9.2% less wool tested so far this season.​

·       AWTA Ltd has tested 90.3 mkg this season compared with 99.4mkg for the equivalent period last season.​

After several turbulent months marked by record gains followed by successive declines, the market appears to have stabilised. Overall sentiment remains positive, with the EMI up 25% year-on-year and 12% since the rally began—a significant improvement. Looking ahead, reduced supply and this week’s consolidation may help establish a new pricing level within the market.​

Next week’s offering is 32,867 bales, with Melbourne and Sydney selling Tuesday–Wednesday and Fremantle on Tuesday only.