Falklands : Falkland Wool Growers Report for Week Ending 07 October 2005
Submitted by Falkland Islands News Network (Juanita Brock) 11.10.2005 (Article Archived on 25.10.2005)
Robert Hall tells us how the wool market did last week.
WOOL REPORT: for the week ending Friday 7th October 2005
Auctions
Starting the week at 676 A cents, the Australian Eastern Market Indicator (EMI) lost two cents on Tuesday, lost four cents on Wednesday and remained unchanged on Thursday. The EMI thus closed the week back six cents at 670 A cents.
In New Zealand, the Merino Indicator was quoted down 12 on the fortnight at 908 NZ cents. The Mid-micron Indicator was quoted down five cents on the week at 550 NZ cents, likewise the Fine Crossbred Indicator (33-35µ) was quoted down five at 353 NZ cents and the Coarse Crossbred Indicator (35.1+µ) was down five cents to 342 cents. The Lamb Indicator was not quoted.
In South Africa the Cape Wools Overall Merino Indicator was quoted up 0.2 percent on the week from 2,459 to 2,464 SA cents per kg clean.
Currencies
The Australian dollar was trading at A$2.33/£ whilst the New Zealand dollar was trading at 2.55 NZ cents/£.
FWG Agency
Many thanks for some early bale specifications.
With the 2005/2006 season gathering momentum it is vital that the highest quality control and wool preparation standards are maintained throughout shearing.
Please identify the length of all fleece wool that is not full length (eg ¼, ½, ¾.). For wool of various lengths shorn over the winter, please also advise the range of wool within each bale if of more than one length (eg ½ - ¾ ).
With Thanks and Regards
Robert
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