AWI Commentary  – Australian Wool Market Sales (25 June 2026)

The Australian wool market eased in the final week of the 2025/26 season. The EMI falling by 46 cents to 1,943 ac/kg, while in USD returns it fell 63 cents to end the season on 1,342 usc/kg. A similar story in the western sale rooms with a decline of 41 cents for the WMI easing to 2,129 ac/kg and in USD terms 1,470 a fall of 63 usc/kg.

Across the catalogue this week saw fine Merino types (16.5–19μm) come under heavy pressure, easing 70–75 cents across the selling centres. Medium Merinos (19.5–21μm) also recorded significant losses of 65–70 cents, although the declines were slightly less severe than those in the finer microns. In contrast, crossbreds (25–32μm) continued to attract buyer support, lifting 15–20 cents, while Merino cardings eased 10–15 cents. The week again highlighted the divergence between the Merino and crossbred sectors, with broader wool types out-performing the finer Merino market.

This week’s sale saw buyers become more price-sensitive following several weeks of strong market gains. Sellers, however, remained reluctant to accept lower bids, with the clearance rate easing to 83.4%. Rather than signalling a widespread deterioration in demand, the week’s result pointed to buyers reassessing value after an extended period of strong price appreciation.

However, the broader context of the 2025/26 season should not be overlooked. Despite this week’s softer result, the Eastern Market Indicator finished the season 61% (736 ac) higher, while in US dollar terms it gained 557 usc(71%). Although auction offerings were 3.4% lower than the previous season, the total value of wool sold through the auction system increased by $675 million, highlighting the strength of the market over the past 12 months.

The opening week of the 26/27 season will see 33,489 bales offered, Fremantle selling on Wednesday (1 July) while Sydney and Melbourne will sell on Wednesday-Thursday roster.

Source: AWI