Australian wool prices continued their upward trend this week, supported by robust exporter demand and solid buying interest across most categories. The market consolidated last week’s gains, with the strongest price increases recorded on the first selling day and steady, positive momentum maintained on the second.
The Eastern Market Indicator (EMI) climbed 41 cents to 1,689 cents per kilogram, while the Western Market Indicator (WMI) rose 32 cents to close at 1,878 cents per kilogram. According to Australian Wool Innovation (AWI), both Merino and crossbred wools were well supported throughout the catalogue.
Fine Merino fleece of 19 microns and below gained 30–35 cents, while medium Merino types between 19.5 and 24 microns advanced by 25–30 cents. Crossbred wool recorded particularly strong gains of 35–40 cents, with cardings also improving by 15–20 cents.
Buying was led mainly by Australian exporters, reflecting strong offshore order coverage. Continued Chinese interest, alongside broad exporter competition, helped underpin market confidence and sustain the upward price momentum.
Supply rose sharply to 43,497 bales—the largest offering of the season so far—as growers responded to improved prices. Despite the higher volume, the market absorbed the supply comfortably, supported by high clearance rates. Next week’s offering is expected to increase further to 43,997 bales, ahead of the Chinese New Year auction recess.
