Falklands : Falkland Wool Growers Report for week ending 09 February 2007
Submitted by Falkland Islands News Network (Juanita Brock) 10.02.2007 (Article Archived on 24.02.2007)
Robert Hall updates us on the latest wool market news.
WOOL REPORT: for the week ending Friday 9th February 2007
Auctions
The Australian Eastern Market Indicator was unchanged on Tuesday, gained four cents on Wednesday before drifting five cents on Thursday. The EMI therefore lost a cent on the week to close at 930 A cents. Next week’s larger offering of 76,373 bales was said to cause the drift
on Thursday.
In New Zealand, the Merino Indicator was quoted at 1,223 NZ cents, the Mid Micron
Indicator gained nine cents to 637 NZ cents, the Fine Crossbred Indicator was unchanged
at 351 NZ cents whilst the Strong Crossbred Indicator gained four cents to 332 NZ cents.
The Lambs Indicator was up a cent at 373 NZ cents.
The South African Cape Wools Overall Merino Indicator added 0.4 percent this week,
moving from 3,793 to 3,808 SA cents/kg clean.
The British Indicator rose 2 pence to 67 pence/kg greasy.
Currencies
The Australian dollar was trading a cent stronger at A$2.52£ whilst the New Zealand dollar
was two cents stronger at NZ$2.88 /£.
Australia Finer
“Some 35.4% of the Australian clip is under 19.5 microns – an increase of 3.1% compared
with last season; 20.3% of the clip is under 18.5 microns, also a rise of 3.1%” WRWMR
FWG Agency
FIC’s voyage arrived Southampton and has cleared Customs and Port Health.
Good sales of both fleece and oddments were achieved, with additional business
anticipated to develop next week.
With Best Wishes
Robert and Diane
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