Falklands : Falkland Wool Grower's Report for Week Ending 8 November
Submitted by Falkland Islands News Network (Juanita Brock) 12.11.2002 (Article Archived on 26.11.2002)

Find out how the Falklands Wool trade is doing from one agent's perspective.

Falkland Wool Growers Ltd

Email: roberthall@falklandwoolgrowers.co.uk

In Australia, the Eastern Market Indicator rose 14 cents on Tuesday, put on another 18 cents on Wednesday but closed the week by going back six cents on Thursday. The EMI thus closed the week up 26 cents moving from 1,145 cents to 1,1171 cents. "Some interest from overseas buyers waned as the Australian dollar strengthened against the major wool trading currencies." WRWMR

In South Africa the Cape Overall Merino Indicator added 1.8 percent from 4845 to 4932 SA cents/kg.

In New Zealand the Fine Indicator was quoted up 24 cents to 1544 NZ cents, the Medium Indicator was up 12 at 832 NZ cents and the Strong Indicator added two cents taking it to 461 NZ cents. The lambs Indicator was not quoted.

Towards the end of the week the Australian dollar was trading at A$2.79/£ whilst the New Zealand dollar at about NZ$3.16/£.

This week we received some excellent enquiry for wool of all types including for speciality scouring.

Please note that warehouses and customers handling Falkland wool prefer bales to be marked on both ends and two sides.

Draft Itinerary for my forthcoming Falklands visit:

November 23^rd Stanley; 24^th Wineglass Station to San Carlos, staying at Kingsford Valley; 25^th Spring Point to Fox Bay, staying at Lakelands; 26^th to Port Howard area staying at Bold Cove; 27^th to Hill Cove staying at Peaks; 28^th to Saunders Island; 29^th to Stanley– DoA meeting; 30^th Stanley;

December 1^st to Green Patch area staying at Horseshoe Bay; 2^nd/4^th North Camp; 5^th FLH; 6^th Stanley meetings. My grateful thanks to those who have kindly agreed to have me to stay and to those who have agreed to ‘pass me along the track’. Please contact me or my hosts to arrange that we meet should you wish and it be feasible.

With Thanks and Regards

Robert

This article is the Property and Copyright of Falkland Islands News Network.