Market Intelligence
Weekly Wool Market Commentary
Moses & Son is committed to providing our valued customers the most current information and data to empower your decision-making process. Discover our latest Australian wool market weekly update below, along with archived reports for your perusal and analysis.
2024/S37
Week S37: 13/03/2025: The AWEX EMI closed on 1242c, up 17c at auction sales held in Australia this week. 38,246 bales went under the hammer this week with a 95.7% clearance to some bullish bidders. Merino Fleece led the way with most MPG’s closing up 20c- 35c with the 17MPG and finer lots adding just 5-15c across the various centres. We had the unusual situation where due to the Moomba Monday public holiday in Melbourne the sale was split between Sydney and Fremantle offering on Tuesday - Wednesday and in Melbourne sales commenced on Wednesday and continued into Thursday. Competition was widespread, however, this week it was Australia's largest Trading exporter who dominated every sector of the market. Whilst the dominant force the top purchaser was pushed by aggressive bidding from the Chinese and India indent buyers and other trading exporters. The AUD - USD exchange rate strengthened in the early part of the week, which didn't seem to have a negative effect on the market. I got the impression that the early-stage processes are in a very precarious stock position! It was interesting to note that on Thursday and Friday the AUD fell 1c against the US dollar to settle around 62.85c. As we are hearing on the news daily the Trump administration is shaking thinks up in the geopolitical space, which will undoubtedly affect markets and currency exchanges.
Merino Fleece
Fleece was the main act this week, which was refreshing, and has been a rare occurrence for the past 36 months. However, this week’s performance can only be interpreted as demand for stock at the Topmaking stage driven by a lack of quantity in the pipeline, rather than pull through from the retail end.
Merino Skirtings
Merino skirtings in the past 12 months have been out performing the fleece however this week whilst performing in sellers favour it was the best specified Low VM lots attracting premiums to the market average. Everything else was in line with the fleece price increases.
Merino Cardings
this sector posted another solid week, especially for the bulky locks and crutchesstop rises of up to $.14 we are experienced across All centres.
Crossbred Fleece
Crossbred Oddments
Crossbreds
The sector opened fully firm with Tuesday's market holding or increasing! As the week progressed, it was only the best specified and prepared the continue to hold their ground whilst discount for the other lots!
Next Week
I suspect next week may come under some price pressure as exporters have a slightly bigger selection to choose from and maybe they will be little moreselective! I am not convinced the wool market has entered a positive longer-termtrend, just yet. The best we can hope for next week is a sideways movement inthe market, but I could be, and hope I am, completely wrong. ~ Marty Moses.
Graphs
Market Commentary
A significant win was announced by Angus Ireland, AWI’s Program Manager, Fibre Advocacy & Eco Credentials who highlighted “the role of Australian growers in highlighting the flaws helped greatly” The proposed environmental labelling on apparel products for sale in the European Union (EU) that threatened to disadvantage Australian wool has been deferred. Read more on Australian woolgrowers help improve European textile labelling.
With the wool market seller participants welcoming the 4-weeks 58c increase in the EMI, it has been some “just- in- time relief for an ailing market sector. The big question will be how well the industry consumes an increase to 41,064 bales on offer for Sale next week! We are hearing through our exporter friends that Chinese processes are consistently complaining about the increase in US the cost of wool. The current EMI on 785usc, the highest since January 2024! On behalf of woolgrower, we have a very valid counter argument.