Falklands : Falkland Wool Growers Report for Week Ending 19 November 2004
Submitted by Falkland Islands News Network (Juanita Brock) 21.11.2004 (Article Archived on 05.12.2004)

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 19^th November 2004

Auctions

The Australian Eastern Market Indicator (EMI) moved five cents lower on Wednesday and then slipped nine cents on Thursday.  The EMI thus closed the week down 14 cents at 735 A cents.  On Thursday the Australian dollar was 3% stronger against the American dollar (at a nine month low) and 1.8% stronger against the euro compared to a week ago.

In New Zealand, the Fine Indicator was at 1,005 NZ cents and the Medium Indicator was up 11 cents on the fortnight at 501 NZ cents.  The Strong Indicator lost four cents to return to 390 NZ cents.  There was an 85% clearance of the offering of 14,662 bales.

The South African Overall Merino Indicator shed a minute 0.1% to move from 2,625 to 2,623 SA cents/kg clean.  There was a 95% clearance with much again going to Europe.

Currencies

The Australian dollar was trading six cents stronger against the pound at A$2.36/£. The New Zealand dollar was seven cents stronger on the week at 2.62 NZ cents/£.

FWG Agency

My thanks for all bale specifications and marketing instructions received recently.  All additional supplies of wool in 2005 would be much welcomed by our customers.

The current itinerary for my forthcoming visit is:

25^th November in Stanley;

26^th November San Carlos area staying at Head of the Bay;

27^th November Port Stephens area staying at Stoney Ridge;

28^th November to Fox Bay staying at Rincon Ridge;

29^th November via Dunnose Head staying at Shallow Harbour;

30^th November to Roy Cove/Hill Cove staying at West Lagoons;

1^st December to Port Howard staying at Bold Cove;

2^nd December return to Stanley;

3^rd December meetings in Stanley;

4^th December to Green Patch area staying in Stanley;

5^th December via Teal Inlet and Douglas to stay at Salvador;

6^th December Port San Carlos staying at Moss Side;

7^th December return to Stanley;

8^th December in Stanley. 

My thanks to all those kindly having me to stay.  I will endeavour to visit as many farms as possible – if you would particularly like a visit, please advise soonest. (Stanley contact Tel/Fax = 21402).

With Best Wishes

Robert

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