S.Atlantic : Falkland Wool Growers Report for 02/17/06
Submitted by SARTMA.com (Juanita Brock) 21.02.2006 (Article Archived on 07.03.2006)
Robert Hall tells us what the wool market did last week.
WOOL REPORT: for the week ending Friday 17th February 2006
Auctions
Starting the week at 727 A cents, the Australian Eastern Market Indicator (EMI) remained level on Tuesday, added two cents on Wednesday and gained just a cent on Thursday. The EMI thus closed the week up three cents at 731 A cents. Whilst prices were fairly level, the market sold 67,700 bales which is a significant offering.
This week in New Zealand, the Merino Indicator was at last quoted, had much catching up to do from 15th December and gained 210 cents or 25% to 1,038 NZ cents. The Mid-micron Indicator that was up three cents on the week to 580 NZ cents. The Fine Crossbred Indicator (33-35µ) was unchanged at 364 NZ cents and the Coarse Crossbred Indicator (35.1+µ) moved up four cents on the week to 326 cents. The Lamb Indicator lifted five cents this week to close at 352 NZ cents.
In South Africa the Cape Wools Overall Merino Indicator wasn’t quoted. The British sale saw an 84% clearance and prices generally 2 percent dearer.
Currencies
Towards the end of the week, the Australian dollar was again trading at A$2.34/Ł whilst the New Zealand dollar was also again 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 M/V Skaftafell and if you have not already done so, please send bale specifications as a matter of urgently. The ETA Southampton has been given as 8th March.
We again received widespread interest and enquiry across the micron range, with demand both for fleece and oddment wool.
With Regards, Robert
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