Dollar drop supports market

An uptick in supply couldn’t halt Eastern Market Indicator (EMI) progress, as the EMI improved again this week. This week the United States Dollar (USD) rose on the back of stronger than expected domestic jobs growth causing the Australian dollar (AUD) to fall relative to the USD from 71.65¢ to 70¢. This meant that that […]

Another big drop in volumes

This week the wool bale offering was lower, with a Western Australian public holiday pausing auctions in Fremantle for the week. The offering of 23,413 was down 8.9% on last week’s numbers keeping the pass in rate low at 2% compared to 1.3% the week prior. This was good news for the Eastern Market Indicator […]

Supply plummets, boosting prices

The Eastern Market Indicator (EMI) jumped this week as buyers bid strongly in a tighter supplied market. The EMI was up 54¢ to finish at 1934¢ in Australian dollar terms and up 49¢ in US dollar terms, to 1385¢. Bales sold dropped to 25,370 this week which is 20.9% below the average for the past […]

Currency on the move, but wool market remains steady

The Eastern Market Indicator (EMI) saw a small rise this week and crossbred wool and cardings rose for the second week in a row. Offsetting some of the loses felt by finer categories of merino wool. The EMI rose by just 4¢ to 1880¢ in Australian dollar (AUD) terms and slipped by 21¢ in United […]

Crossbred wool steady

The EMI had a slight fall this week as larger losses in fine and medium merino were offset by a strong week for crossbred wool and cardings in Sydney and Melbourne. Overall, the EMI fell by 10¢ to 1876¢, pass in rates remained relatively stable falling from 7.3% to 7% as did the AUD/USD exchange […]

Market eases on the back of tighter economic conditions

This week the Australian dollar (AUD) hit its highest rate against the US Dollar (USD) since May 2022, at 0.725¢, on the back of the Reserve bank of Australia’s (RBA) decision to lift interest rates to 4.35% (a hawkish stance) while global central banks, mainly the US federal reserve and the European central bank are […]

Prices flat as offering increases

The Eastern Market Indicator (EMI) fell relatively flat this week, up only 2¢ to 1897¢ after price rises for Crossbred wool and Sydney fine merino offset losses across the rest of the table. The bale offering increased by 4,078 to 37,744 and so did pass in rates, increasing from 2.8% to 6.9%. This week 35,139 […]

Drop off in supply sends market higher

The Eastern market indicator rose for the third week in a row, up 70¢ to 1895¢ after a large decrease in bales offered, down from 44,765 to 33,666, a decrease of 24.8% week on week. The decrease in bales offered kept the pass in rate relatively flat, to 2.8% this week. 32,722 bales were sold […]

Prices rise after the Easter recess

Prices have risen again after the Easter recess with the EMI up 39¢ to 1825¢. This price rises comes after an increased bale offering up 8513 to 44,765 – a 23.5% increase compared to the previous sale, which also recorded significant price rises. All in, these rises have brought the EMI to its highest level […]

Supply and Pricing lower again

The Eastern Market Indicator (EMI) fell for the second week in a row this week despite a week on week decline in supply. The EMI finished the week at 1724c which was 27c lower than last week. Bales offered fell from 42,278 last week to 39,673 this week. The lower bale offering gave some respite […]

Prices correct with another strong offering

After a strong run, this week saw some correction in pricing across all sale centres, sending the EMI down 32¢ to 1751¢. For the second week in a row the offering was above 42,000. Strong supply and uncertain economic conditions impacted buyer sentiment this week which saw pass in rates reach 13.5%. Local market indicators […]

Higher supply raises pass in rates

The Australian wool market saw a modest rise this week with the Eastern Market Indicator (EMI) increasing 16¢ to 1783¢, driven primarily by a increased offering. Sentiment remains strong, as price improved despite an uptick in the pass in rate to 7.2% and a rising aussie dollar to 0.71USc, factors that can potentially push prices […]