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flag Australian wool prices hit a 40-year high of 1565 cents/kg in Oct. 2025 due to declining supply and strong demand.

flag Australian wool prices surged in late September and early October 2025, hitting a 40-year high of 1565 cents per kilogram, driven by sharply reduced production from growers shifting away from Merino sheep due to years of low prices. flag The Eastern Market Indicator rose 274 cents from September 5 to October 3, though it dipped slightly to 1517 cents by October 10. flag Despite a temporary decline and increased bales passed, prices remained 310 cents above July levels and 33% higher than the same period in 2024. flag Strong demand from Chinese buyers and rising lamb prices have boosted industry confidence, with experts expecting a sustained upward trend as supply stabilizes near 35,000 bales weekly. flag Growers say profitability hinges on prices reaching 2000 cents per kilogram to offset rising costs.

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