Falklands : Falkland Wool Growers Report for Week Ending 21.10/05
Submitted by Falkland Islands News Network (Juanita Brock) 24.10.2005 (Article Archived on 07.11.2005)
Robert Hall tells us how the wool market did last week.
WOOL REPORT: for the week ending Friday 21st October 2005
Auctions
Starting the week at 671 A cents, the Australian Eastern Market Indicator (EMI) drifted a cent
on Tuesday, recovered two cents on Wednesday and remained unchanged on Thursday. The
EMI thus closed the week up a cent at 672 A cents. Italian and Chinese interests competed
for the super-fine offering at Newcastle with 96% of the 15,712 bales sold.
In New Zealand, the Merino Indicator was down 19 cents on a fortnight ago at 889
NZ cents. The Mid-micron Indicator was unchanged on the fortnight. “Western
European combing mills dominated the finer lines.” The Fine Crossbred Indicator
(33-35µ) was quoted up two cents at 350 NZ cents whilst the Coarse Crossbred
Indicator (35.1+µ) fell seven cents to 334 cents. The Lamb Indicator was not quoted.
In South Africa the Cape Wools Overall Merino Indicator was quoted down 1.1 percent on the
week from 2,475 to 2,447 SA cents per kg clean. A total of 7,031 bales were offered with 94%
cleared. European buyers were again active.
In Britain “there was good competition for all coarse wool types at the third Scottish sale of the season. Of the 1,853,498 kg offered, 83% changed hands.” WRWMR
Currencies
Towards the end of the week, the Australian dollar was trading three cents weaker at
A$2.35/£ whilst the New Zealand dollar was trading a cent stronger at 2.51 NZ cents/£.
FWG Agency
Various samples have been sent to buyers to further develop our markets for Falkland Islands wool, ahead of the 2005/2006 season.
With the 2005/2006 season gathering momentum it is vital that the highest quality control
and wool preparation standards are maintained throughout shearing.
For winter shorn wool, please identify the length of all fleece wool that is not full length
(eg ¼, ½, ¾.). 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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