Falklands : Falkland Wool Growers Report for Week Ending 11 November
Submitted by Falkland Islands News Network (Juanita Brock) 15.11.2005 (Article Archived on 29.11.2005)

Robert Hall tells us about the wool market and his up and coming visit to the Falklands.

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 11^th November 2005

Auctions

Starting the week at 652 A cents, the Australian Eastern Market Indicator (EMI) lost a cent on Tuesday,  Wednesday and Thursday.  The EMI thus closed the week down three cents at 649A cents, the lowest level since 24 March 2000. Compared to the start of the season the market is 11.7% cheaper in Australian cents.

In New Zealand, the Merino and Mid-micron Indicators were not quoted. The Fine Crossbred Indicator (33-35µ) was quoted down two at 339 NZ cents and the Coarse Crossbred Indicator (35.1+µ) was up three to 328 cents.  The Lamb Indicator was not quoted.

In South Africa the Cape Wools Overall Merino Indicator was quoted down 4.9 percent on the week from 2,400 to 2,283 SA cents per kg clean.  European buyers were again the most active.

Currencies

Towards the end of the week, the Australian dollar was trading stronger at A$2.38/£ whilst the New Zealand dollar was trading stronger at 2.54 NZ cents/£.

FWG Agency

Many thanks for the early bale specifications that have been received.

My Falklands visit itinerary between 23^rd November and 8^th December is as follows:

Thursday 24^th          : Stanley

Friday 25^th         : to San Carlos, staying at Kingsford

Saturday 26^th     : fly to George Island & stay overnight

Sunday 27^th       : fly to Port Edgar; staying at Stoney Ridge

Monday 28^th       : to Fox Bay, staying at Coast Ridge

Tuesday 29^th      : fly to Roy Cove, staying at Dunbar

Wednesday30^th: to Hill Cove, staying at Main Point

Thursday 1^st       : to Port Howard; staying at Many Branch

Friday 2^nd          : fly to Goose Green; visiting Saladero

Saturday 3^rd       : Stanley

Sunday 4^th         : to Green Patch; staying at Estancia

Monday 5^th        : to North Camp; staying at Cape Dolphin

Tuesday 6^th        : North Camp returning to Stanley

Wednesday 7^th: Stanley

Many thanks to all those who have kindly agreed to have me to stay and to ‘pass me along the road’.  I will endeavour to see as many farmers as possible however please forgive me if I don’t catch up with you on this particular visit.  Please liase with host farms, my UK office or care of Gerald and Marie Cheek in Stanley (Tel: 21402) if you wish to confirm specific visits.

Look forward to seeing you

With Thanks and Regards

Robert

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