Australian wool prices have extended their positive run for a fourth straight week, bolstered by sustained international demand and ongoing market optimism.bolstered by sustained international demand and ongoing market optimism.

Industry website sheepcentral.com reported buyers from key export regions, particularly China and Europe, have been eager to secure quality wool clips, leading to competitive bidding and elevated price levels.

Meanwhile, the Eastern Market Indicator (EMI)—a crucial benchmark for tracking broader wool market movements—continues to gain momentum, signaling renewed confidence among producers and exporters alike, according to industry analytics group Mecardo.

Foreign exchange factors are playing a supporting role in the rally, with the Australian dollar’s relative stability making wool more attractive to global buyers. While fine wool categories often command premium prices, medium and broader microns have also reported healthy gains, indicating that the upward trend spans multiple segments of the market.

Analysts suggest that buyers are attempting to secure current stock before any shifts in economic conditions, driven by US trade renegotiations, potentially alter demand. However, while the mood is optimistic, volatility could arise from changes in consumer sentiment and broader global trading patterns, particularly any flow on affects from US trade policy changes towards major buys of Australian wool.