On the opening week of the 2026/27 selling season, the Australian wool market gave back some of its recent gains. The pattern was similar to the previous week, with most of the losses recorded on the first day of sales. Despite another fall in the Australian dollar, the currency movement was not enough to generate stronger buying support in the sale rooms. The EMI closed 39 cents lower at 1,904 A¢/kg, while in US dollar terms it finished at 1,312 US¢/kg, down 30 cents. In the Western region, where sales were held on one day only, losses were also concentrated, with the market finishing 57 cents lower at 2,072 A¢/kg, or 1,427 US¢/kg, down 43 US cents.

Across the catalogue, fine Merino types came under heavy pressure, with most indicators easing by around 60 to 65 cents across the selling centres. Medium also weakened, generally falling by 55 to 60 cents. Crossbred types performed better, remaining mostly unchanged to slightly dearer, with some indicators gaining around 5 cents. Merino cardings were also softer, easing by around 20 to 25 cents.

The market looks to be consolidating after its recent run, with price pressure coming from higher new-season offerings, selective buying and greater discounts on lower-specification wools. Better style, low-VM types continue to find support, but buyers are clearly being more selective across the broader catalogue. As a result, upside may remain limited until Spring brings a larger selection of fresh, higher-yielding wool to the market.

AWTA KTD June Update

• The monthly comparisons of Total Weight tested for June 2026 compared with June 2025 is -2.35%.
• The progressive comparison of Total Weight tested for July 2025 to June 2026 compared with the same period last season is now -8.03%.
• AWTA Ltd has tested 271.7 mkg (million kilograms) this season compared with 295.4 mkg for the equivalent period last season.

Next week sees 31,583 bales being offered with Sydney and Melbourne selling on Tues-Wed while Fremantle Tuesday only.