Australian wool prices fell for a fourth week in a row, and the decline pushed the market to its lowest US dollar level since March. Buyers remain short of orders and only compete for the best fine wool, while growers increasingly refuse to sell at falling prices. South Africa followed the same path.

Australian wool prices fell for a third week. The first sale after the Nanjing conference showed that Chinese demand is real, but selective. Fine wool found buyers and rose against the trend. Standard types kept falling, as mills resist paying more for wool that consumers will not pay for. A larger offering next week will test how much the market can absorb.

Australian wool prices fell this week, as a larger offering met cautious Chinese demand ahead of the Nanjing conference, and South Africa followed the same path.
This report provides a detailed analysis of wool prices in both Australia and South Africa, covering a wide range of micron types. Sustainable-RWS wool in South Africa is also tracked. Prices are presented in Australian Dollars (AUD), US Dollars (USD), and Euros (EUR). Historical data spanning the past decade is also available for download.