Strong gains were recorded across all sectors of the Australian wool market this week, marking a third consecutive sale of rising prices. The EMI lifted 70 cents to close at 1,895 c/kg, while in USD terms the market added 57 cents to 1,358 usc/kg. In the west, similar momentum was evident, with the WMI rising to 2,125 c/kg (1,523 usc/kg). Year-on-year, the EMI now sits 53.8% higher in AUD terms and 74% higher in USD, underlining the depth of demand supporting the market.

Fine wools again led the market, with finer merino fleece types (16.5 to 19 micro) posting gains in the order of 90–95 cents. Medium merino categories (19.5–24 micron) followed closely, adding 85–90 cents. In contrast, crossbred types (25–32 micron) continued to trend upward but at a more modest pace, rising by 25–30 cents, reinforcing the emergence of a two-speed market, with finer types continuing to outperform broader microns. Merino cardings also recorded solid gains of 25–30 cents for the week.

This week’s reduced offering, down 11,099 bales on the previous sale, contributed to the price gains, with strong competition for well-prepared clips. Clearance rates remained above 97% for the third consecutive week, highlighting continued buyer willingness to meet the market and secure volume.

The market is currently being underpinned by a combination of tightening supply and sustained demand, with little evidence of buyer resistance despite recent price rises. The emergence of a two-speed market, led by fine merino types, suggests demand remains concentrated in higher-value segments. While the short-term outlook remains positive, the market’s reliance on continued export demand will be critical in determining whether this momentum can be maintained, particularly given the ongoing uncertainty in the global economic environment.

Next weeks sale sees an increased offering of 39,956 bales. Fremantle selling on Wednesday only, Melbourne Tuesday-Wednesday, Sydney Wednesday-Thursday.