Week S03: 16/07/2025: The AWEX EMI closed on 1221c, up 9c at auction sales in Australia this week. 23,623 bales went under the hammer with Sydney and Melbourne centres offering this week, with Fremantle sitting out for the penultimate sale before the 3-week recess. The EMI posted a 7c increase on Tuesday and a 2c increase on Wednesday, however the MPG’s in each centre were at times antagonistic totally reliant on the quality of the offering. 94.8% of the offering was sold, reflecting the slight upward swing in better style wools and the grower’s acknowledgement of the factors surrounding current price levels. It is interesting to note that we have had 6 weeks straight where the EMI has held firm or slightly increased. This result comes at a time where there is a major upheaval in world economic terms, with US Tariffs, ongoing geopolitical unrest in the Middle East and the more recent unrest between Israel and Iran and the persistent way Eastern European Bloc with Russia and Ukraine unable to achieve an enduring ceasefire. Of course, the performance of the Australian Wool Market is also connected to the current wool production numbers which have been in steadily declining and obviously a major factor being considered in the market.