The latest movement brings total EMI gains over the last fortnight to 95 cents, signalling renewed confidence ahead of the Christmas recess. Strong demand from processors has pushed the market into a more comfortable trading range, with values edging close to the highs registered in October, the Australian Wool Innovation (AWI) said in its commentary for week 21 of the current wool marketing season.
Wool price movements varied across micron categories. Fine wools (16.5–19 microns) recorded average increases of 75 cents, maintaining steady support. Medium wools (19.5–24 microns) continued to outperform the broader market, averaging gains of 100 cents. Notably, the 19.5 and 20-micron types posted the strongest lift, rising 103 and 113 cents, respectively, across all selling centres.
Crossbred wool experienced modest improvement, averaging just 10 cents, while cardings traded largely flat with gains of only 2–3 cents, the AWI commentary added.
Offerings rose week on week as growers responded to recent price strength; however, clearance rates stayed stable, indicating sustained buying activity. Despite the short-term increase, auction volumes remain 5.9 per cent lower than the same period last year. The year-on-year decline reflects continued tightening in supply, a factor that has helped underpin prices in recent weeks.
The Australian dollar touched monthly lows, reinforcing the competitiveness of wool exports. A strong US dollar and subdued currency markets kept the AUD under pressure, although steady commodity demand prevented a sharper fall. Analysts suggest that expectations of global interest-rate cuts in early 2026 may support export outlooks, potentially offering further price tailwinds into the new year.
Next week’s offering is expected to total 40,408 bales across the three Australian selling centres, with auctions scheduled on a Tuesday-Wednesday roster.
ALCHEMPro News Desk (KD)
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