A public holiday-shortened promoting week coincided with a bigger nationwide providing of 39,282 bales, of which 31,689 had been bought. The market met resistance at present worth ranges, suggesting that an providing of round 40,000 bales was too wealthy for consumers. Consequently, the pass-in fee lifted to 19.3% (up from 2% final week), led by Western Australia at 28.8%, the place practically a 3rd of Merino fleece was withdrawn. New South Wales and Victoria adopted with pass-in charges of 16% and 18%, respectively
Advantageous and medium Merino fleece led the correction throughout all promoting centres. In Sydney, the 17 MPG fell 78¢ to 2172¢/kg, whereas in Melbourne, the 18 MPG eased 72¢ to 2028¢/kg and the 18.5 MPG dropped sharply, shedding 92¢ to 1947¢/kg. In Fremantle, finer sorts additionally retreated, with the 17.5 MPG down 63¢ to 2072¢/kg. The 19 MPG in Melbourne eased 55¢ to 1851¢/kg, whereas the 21 MPG in Fremantle slipped 43¢ to 1725¢/kg.
Crossbreds had been additionally softer. In Melbourne, the 28 MPG fell 32¢ to 703¢/kg, whereas the 30 MPG edged 1¢ decrease to 597¢/kg. Cardings had been regular, with the Merino Carding Indicator holding at 791¢/kg in Melbourne. General, the finer and medium microns bore the brunt of the pullback throughout all areas as costs adjusted to the bigger providing.
This week in Mecardo, Andrew Woods examined latest wool worth volatility and what a correction may appear like (see article right here). In his article, he notes that greasy wool costs have lifted 26% to 37% (400 to 600 cents) since mid-2025 in key merino bands, putting the market at ranges the place a minor correction of 6% to 9% could be thought-about cheap for merinos. And additional famous {that a} correction smaller than these ranges could be very constructive for the market.
