S.Atlantic : Falkland Wool Growers Report for Week Ending 21 January 2005
Submitted by SARTMA.com (Juanita Brock) 27.01.2005 (Article Archived on 10.02.2005)
Find out what the wool market did last week
WOOL REPORT: for the week ending Friday 21st January 2005
Auctions
The Australian Eastern Market Indicator (EMI) that opened the week at 746 A cents,
gained four cents on Tuesday, moved three cents higher on Wednesday and dropped
six cents on Thursday. The EMI thus closed the week up a cent at 747 A cents.
Although China dominated; the market eased on Thursday, largely due to currency but
also to a larger and less stylish offering. The 20 to 23 microns area was most affected
in Sydney and Melbourne. Unhappy about prices, some growers have been holding
back fleece lines, leading to a disproportionate amount of other types in the catalogues.
In New Zealand, the Fine Indicator was not quoted. The Medium Indicator gained five
cents to 487 NZ cents. The Strong Indicator added three cents to close at 385 NZ
cents whilst the Lambs Indicator gained two cents to close at 390 NZ cents.
There was a 91% clearance of the 18,973 bale offering.
The South African Overall Merino Indicator moved 14 cents down from 2,566 to
2,552 SA cents/kg clean. 21 microns was most affected. There was a 97%
clearance with much again going to Europe.
Currencies
The Australian dollar closed the week in London two cents stronger at A$2.4369/£.
The New Zealand dollar closed the week in London four cents stronger at 2.6247 NZ
cents/£. (FT)
FWG Agency
Several significant enquiries were received this week. All additional supplies of wool in
2005 would be much welcomed by our customers.
My thanks for all bale specifications received recently. Please send bale specifications for
wool being shipped on the Marianne Danica as soon as possible.
With Best Wishes
Robert
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