Price Declines at Australian Wool Auctions Largely Stabilised This Week

Price declines at Australian wool auctions largely stabilised this week, buoyed by renewed confidence from China’s two largest Merino top makers. Together, they purchased over 38 per cent of the total sold Merino fleece offering, signalling a potential market reset after weeks of subdued activity.

While demand for new business remained sluggish and cautious, this strategic buying by key manufacturers suggests growing confidence in future demand. Unlike traders who focus on short-term movements, manufacturers plan months ahead, providing a vital boost to the market outlook, the Australian Wool Innovation (AWI) said in its commentary for week 46 of the current wool marketing season.