Falklands : Falkland Wool Growers Report for 20 January 2006
Submitted by Falkland Islands News Network (Juanita Brock) 22.01.2006 (Article Archived on 05.02.2006)
Robert Hall tells us how the wool market did last week.
WOOL REPORT: for the week ending Friday 20th January 2006
Auctions
Starting the week at 649 A cents, the Australian Eastern Market Indicator (EMI) gained three
cents on Tuesday, added 15 cents on Wednesday and a further six cents on Thursday. The EMI thus closed the week up 24 cents (3.7%) at 673A cents. This took the EMI to its highest level
since last October. Super-fine wool led the way, with more modest improvements for 24
microns and coarser. 90% of 60,129 bales were traded.
This week in New Zealand, the Merino Indicator that was last quoted at 828 NZ
cents (15/12/05) was not quoted and the Mid-micron Indicator that was last
quoted at 528 NZ cents (6/1/06) was also not quoted. The Fine Crossbred
Indicator (33-35µ) recovered four cents on the week to 340 NZ cents and the
Coarse Crossbred Indicator (35.1+µ) also added four cents on the week
to 312 cents. The Lamb Indicator added nine cents this week to close
at 339 NZ cents. There was a 91% clearance of 19,874 bales offered.
In South Africa the Cape Wools Overall Merino Indicator started the week at 2,206 SA cents
per kg clean and added 5.2% to close at 2,320 SA cents per kg clean..
Currencies
Towards the end of the week, the Australian dollar was trading at A$2.35/Ł whilst the New
Zealand dollar was weaker at 2.57 NZ cents/Ł.
“The New Zealand dollar fell 2.7 per cent versus the US dollar, hitting a three week low of
$0.6760 on Thursday after the NZ Government and Central Bank warned foreign investors
of the risks of holding kiwi-dominated bonds”. FT. The NZ dollar is expected to weaken further.
FWG Agency
Many thanks for bale specifications received recently. Please advise the length of
early shorn fleece wool. Identifying ‘Bellies and Pieces’ bales from both Hoggets and
Shearlings is helpful.
Please ensure top class wool preparation and handling standards are maintained in 2006.
Top class Quality Control standards in wool sheds are a vital component of a year’s
wool production.
With Regards, Robert
|
