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
Thornhill, Dumfriesshire DG3 4JD
Tel: 01848 200 497 Fax: 01848 200 489
Registered in Scotland No: 176228
VAT Reg No: 699 5128 75
WOOL REPORT: for the week ending Friday 11th November 2005
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.
Towards the end of the week, the Australian dollar was trading stronger at A$2.38/Ł whilst the New Zealand dollar was trading stronger at 2.54 NZ cents/Ł.
Many thanks for the early bale specifications that have been received.
My Falklands visit itinerary between 23rd November and 8th December is as follows:
Thursday 24th : Stanley
Friday 25th : to San Carlos, staying at Kingsford
Saturday 26th : fly to George Island & stay overnight
Sunday 27th : fly to Port Edgar; staying at Stoney Ridge
Monday 28th : to Fox Bay, staying at Coast Ridge
Tuesday 29th : fly to Roy Cove, staying at Dunbar
Wednesday30th: to Hill Cove, staying at Main Point
Thursday 1st : to Port Howard; staying at Many Branch
Friday 2nd : fly to Goose Green; visiting Saladero
Saturday 3rd : Stanley
Sunday 4th : to Green Patch; staying at Estancia
Monday 5th : to North Camp; staying at Cape Dolphin
Tuesday 6th : North Camp returning to Stanley
Wednesday 7th: 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