Falklands : Falkland Wool Growers Report For Week Ending 05 November 2004
Submitted by Falkland Islands News Network (Juanita Brock) 07.11.2004 (Article Archived on 21.11.2004)
Find out what the Wool Market did last week.
Falkland Wool Growers Ltd
Craiglearan, Moniaive
Thornhill, Dumfriesshire DG3 4JD
Tel: 01848 200 497 Fax: 01848 200 489
Email: roberthall@falklandwoolgrowers.co.uk
Registered in Scotland No: 176228
VAT Reg No: 699 5128 75
WOOL REPORT: for the week ending Friday 5th November 2004
Auctions
The Australian Eastern Market Indicator (EMI) remained unchanged on Tuesday of this week at 745 A cents and slipped three cents on Thursday. The EMI thus closed the week down three cents at 742 A cents. The American dollar’s weakness continued to play a role in dampening the market. There was an eighty seven percent clearance of 49,262 bales.
In New Zealand, the Fine Indicator was not quoted. The Medium Indicator was quoted down eight cents on the week at 490 NZ cents. The Strong Indicator recovered a cent to 390 NZ cents. The Lamb Indicator was not quoted. There was an 83% clearance of the small offering of 5,041 bales.
The South African Overall Merino Indicator lost 1.7% to move from 2,644 to 2,600 SA cents/kg clean.
Currencies
The Australian dollar was trading at a similar level as last week at A$2.44/£. The New Zealand dollar was a cent weaker on the week at 2.67 NZ cents/£.
FWG Agency
There is developing interest for new season Falkland wool. All additional supplies of wool in 2005 would be much welcomed by our customers.
The outline plan for my forthcoming visit to Camp, is to be on West Falkland during much of the last week of November and on East Falkland during the first week of December. I will endeavour to visit as many farms as possible – if you would particularly like a visit, please advise soonest.
With Best Wishes
Robert
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