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.
2025-S49
Week S49: 03/06/2026 The EMI closed on 1,964 c, up 30c at auction sales in Australia this week. It was the 5th consecutive week of gains and an 84c rise in the EMI over the fortnight. 23,413 bales went under the hammer with a clearance of 98% reflecting the markets strength across most wool types.
In USD terms the EMI rose 22c punching through the 1400 USc barrier in what was a moderately strong week for the AUD - USD Exchange rate. Competition on the smallest offering presented to the auctions in the past 12 months, was predictably very strong with Fremantle sitting this week out, due to their WA public holiday.
Merino Fleece
Merino Fleece was generally, 20–30c dearer, with almost perfect clearance rates over the week. Competition remained pretty sharp on the well-prepared superfine lots resulting in premiums of 50c. Whilst quality preparation continues to be rewarded there seems to be solid support for all fleece types in this market. FNF well prepared Non Mulesed, Prem shorn, Merino Fleece in our catalogue attracted prices well in advance of expectations. The top 4 buyers were a mix of Trading and Indent Exporters, taking ~60% of the Fleece volume.
Merino Skirtings
Solid gains were measured on most skirting types, and the price movementswere in line with their fleece counterparts. Demand in this sector is heavilydriven in the knitwear market for Chinese domestic sales. The trading exportersdominated this category with the top 4 exporters taking almost 70% of theskirtings offering with almost perfect clearance rates.
Merino Cardings
Merino Cardings continued their upward trend. Fine locks are now selling at premiums to the market whilst the best bulk crutchings and stains have continued to increase in price week on week.
Crossbred Fleece
Crossbred Oddments
Crossbreds
With under 1000 bales offered in Sydney the quotes were too thin to form an MPG quote however from first-hand experience Moses & Son presented 17% of the northern XB offering with at times extreme prices paid for selected lots. Our top priced lot realised 1510c (1992c clean) with specs of 23.6µ 0.8vm 75.8% Sch Dry. An incredible result. On limited quotes in both centres 28-30 MPG’s were standout performers.
Next Week
Next week national offering climbs back up to 26,178 as Fremantle returns to the roster joining Sydney and Melbourne. A strong market is predicted. ~ Marty Moses
Market Commentary
Despite the stubborn global economic indicators projecting further elevated inflation and little depressed GDP growth, there is no sign of the market’s strong performances changing anytime soon. With AWTA test figures released this week indicating bales tested in May are down 4% with the YTD figures down 8.4%. The lower volume has presented a conundrum to the post-sale wool pipeline which challenges the preferred “just in time” buying strategies. Hence, reports that the Trading Exporters are increasing their purchases for inventory to meet the forward offer needs, whilst Indent buyers are providing the competitive tension need to keep their purchases abreast of the supply needed to keep the mills processing schedules full.
Forward activity was modest and concentrated in 19µ contracts trading 25,000 kg across July, October and November 2026. There was a single 18µ contract trade was recorded for November at 2,450c clean, 6.3% under the spot 18 MPG. Forward prices continue to trade at a discount to current spot MPGs. With the current market levels for most types at the 100th decile and the 17 MPG at the 90th decile (5Y South) the saying “You never go broke taking profits” comes to mind.