Falklands : Falkland Wool Frowers Report for Week Ending 02/10/06
Submitted by Falkland Islands News Network (Juanita Brock) 13.02.2006 (Article Archived on 27.02.2006)
Robert Hall tells us what the wool market did last week.
WOOL REPORT: for the week ending Friday 10th February 2006
Auctions
Starting the week at 704 A cents, the Australian Eastern Market Indicator (EMI) remained level on Tuesday but on Wednesday it jumped 22 cents or 3.1percent. On Thursday the EMI added three more cents. The EMI thus closed the week up 25 cents at 729 A cents. Gains were across the micron range and demand was well spread. This took the EMI to its highest level since August 2005, although still six cents below the opening level of the 2005/2006 season.
This week in New Zealand, the Merino Indicator that was again not quoted, whilst the Mid-micron Indicator that was up 14 cents on the week to 577 NZ cents. The Fine Crossbred Indicator (33-35µ) gained nine cents on the week to 364 NZ cents and the Coarse Crossbred Indicator (35.1+µ) moved up three cents on the week to 322 cents. The Lamb Indicator lifted eight cents this week to close at 347 NZ cents.
In South Africa the Cape Wools Overall Merino Indicator started the week at 2,493 SA cents per kg clean and gained 5.9% to close at 2,641 SA cents per kg clean. 95% of the offering was sold.
Currencies
Towards the end of the week, the Australian dollar was trading at A$2.34/Ł whilst the New Zealand dollar was at 2.57 NZ cents/Ł.
FWG Agency
Many thanks for all the bale specifications received recently. If you have wool being shipped on the MoD/FIC ship and if you have not already done so, please send bale specifications as a matter of urgently.
We again received widespread interest and enquiry across the micron range, with demand both for fleece and oddment wool.
With Regards, Robert
|
