Falklands : Falkland Wool Growers Report for Week Ending 13 May 2005
Submitted by Falkland Islands News Network (Juanita Brock) 20.05.2005 (Article Archived on 03.06.2005)
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 13th May 2005
Auctions
The Australian Eastern Market Indicator (EMI) gained two cents on Wednesday and a further three cents on Thursday. The EMI thus closed the week up five cents at 727 A cents. Nearly 90% of the 53,000 bale offering was sold. The tone was described as generally strong and competition was well spread.
In New Zealand, the pass-in rate was 28% of the 9,400 bale offering. Crossbred combing fleece wool was generally unchanged.
Currencies
The Australian dollar was trading a cent stronger against the pound at A$2.42/£ with the result that sterling prices for Australian wool gained slightly for all microns.
The New Zealand dollar was trading three cents stronger at 2.56 NZ cents/£ towards the end of the week.
FWG Agency
Contracting wool from the first voyage of the Marriane Danica has proceeded well against the current global wool and currency background. The final lots were contracted last Monday (9/5/05) as per farm instructions. Invoicing is well in hand. Deliveries are going out and are expected to continue doing so during the next two or three weeks.
A considerable amount of work is being done associated with shipping: lotting the Marianne Danica and working towards having remaining wool at FIPASS shipped north.
Many thanks for all those bale specifications we have received recently.
With Best Wishes
Robert
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