HomeBusinessAustralian wool market rise as supply tight for season end

Australian wool market rise as supply tight for season end

With no auction for Fremantle, only Sydney and Melbourne dey operate, the market record im smallest weekly offering for the season. The EMI end just 11 cents below the 2,000-cent mark, though e still remain 127 cents below the record high wey dem reach for August 2018.

The market perform strong for US dollar terms too. The USD EMI recover last week losses, rise 20 US cents to 1,405 US cents per kilogram, despite a stronger Australian dollar. AWI note say the larger gain for the USD indicator reflect continued international demand for Australian wool.

Price movements vary across wool categories, highlight selective buying activity. Crossbred wool continue to outperform, rise 30-35 cents across the 25–32 micron range, while Merino cardings gain 15-20 cents. According to AWI, buyers show the strongest interest for wool wey meet preferred processing specifications, while lower-testing and less desirable lots attract comparatively weaker competition.

Market analysts say the wool market appear to dey enter a more balanced phase, wey make further sharp price increase more difficult. However, constrained supply dey expected to continue support prices, with early-season offerings forecast to remain well below historical averages. The final sale of the 2025-26 season go offer 27,697 bales, with Fremantle sell for Wednesday only and Sydney and Melbourne operate for the usual Tuesday-Wednesday schedule.


Halimah Adamu
Halimah Adamuhttps://nnn.ng/
Halimah Adamu na reporter for NNN. NNN dey publish hot-hot tori for Nigeria and around di world for naija pidgin language so dat every Nigerian go fit follow national news, no mata dia level of school. NNN dey only publish tori wey be true-true, wey get credibility, wey dem fit verify, wey get authority, and wey dem don investigate well-well.
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