S.Atlantic : Falkland Wool Growers Report: 15 August
Submitted by SARTMA.com (Juanita Brock) 17.08.2003 (Article Archived on 31.08.2003)
Find out what the wool market did last week
WOOL REPORT: for the week ending Friday 15th August 2003
Auctions
The Australian Eastern Market Indicator recovered 20 cents on Wednesday and gained another seven cents on Thursday. The EMI thus closed the week up 27 cents at 926 A cents. The market was helped by "a slight lift in activity form overseas including China."
In New Zealand the Fine Indicator was not quoted whilst the Medium Indicator recovered another 12 cents to 672 NZ cents. The Strong Indicator was up six cents at 431 NZ cents and the Lamb Indicator up 16 cents to 457 NZ cents.
No wool auction in South Africa this week.
The British sale saw the indicator unchanged from 23/7/03 at 83 pence per kilo greasy. There was good competition on most types throughout the sale resulting in a clearance of 78 percent of the 2.17 million kilos offering.
Currencies
For much of the week the Australian dollar was trading around A$2.44/£ whilst the New Zealand dollar was trading at about NZ$2.73/£.
Background
Many European companies are on holiday resulting in limited enquiry.
With Regards
Robert Hall
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