S.Atlantic : Falkland Wool Growers Report for 29 August
Submitted by SARTMA.com (Juanita Brock) 30.08.2003 (Article Archived on 13.09.2003)
Find out what the wool market did last week.
WOOL REPORT: for the week ending Friday 29th August 2003
The Australian Eastern Market Indicator was down two cents on Tuesday but then added seven cents on Wednesday and put on eight more cents on Thursday. The EMI thus closed the week up 1.4 percent or 13 cents at 926 A cents. Super fine however tended cheaper. 11.6 percent were passed in. China was reported to be hardly active.
In New Zealand the Fine Indicator was not quoted whilst the Medium Indicator recovered another nine cents to 695 NZ cents. The Strong Indicator was up a cent at 429 NZ cents. The Lamb Indicator down 24 cents to 443 NZ cents.
There were no auctions in Britain and South Africa this week.
For much of the week the Australian dollar was trading five cents weaker at around A$2.45/£ whilst the New Zealand dollar was trading four cents weaker at about NZ$2.75/£.
Many European companies remain on holiday resulting in very limited enquiry. European mills begin starting up again next week.