Falklands : Falkland Wool Growers Report for Week Ending 21 April 2006
Submitted by Falkland Islands News Network (Juanita Brock) 24.04.2006 (Article Archived on 08.05.2006)
Robert Hall tells us how the wool market did last week.
WOOL REPORT: for the week ending Friday 21st April 2006
Auctions
There were no auctions in Australia this week due to the Easter recess. The EMI opens next week at 728 A cents.
This week in New Zealand, the Merino Indicator was not quoted. The Mid-micron Indicator was quoted down 49 cents on the fortnight to 600 NZ cents. The Fine Crossbred Indicator (33-35µ) was down 13 cents to 392 NZ cents and the Coarse Crossbred Indicator (35.1+µ) moved down 11 cents on the week to 344 cents. The Lamb Indicator lost eight cents this week to close at 376 NZ cents. The NZ dollar being 3.5% stronger against the US dollar and up 1.5-2% against other major currencies precipitated the NZ decline.
Currencies
Towards the end of the week, the Australian dollar was trading at A$2.39/Ł whilst the New Zealand dollar was stronger at 2.81 NZ cents/Ł.
Background
This week there being no auctions in Australia; many Northern Hemisphere company employees took holidays. Manufacturers reported limited enquiries.
FWG Agency
Voyage 1 test results continue to be received.
There were pockets of enquiry and some business was booked, with more expected next week.
With Best Wishes
Robert & Diane
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