Falklands : Falkland Wool Growers Report for 01.27.06
Submitted by Falkland Islands News Network (Juanita Brock) 31.01.2006 (Article Archived on 14.02.2006)
Robert Hall tells us what the wool market did last week.
WOOL REPORT: for the week ending Friday 27th January 2006
Auctions
Starting the week at 673 A cents, the Australian Eastern Market Indicator (EMI) gained eight cents on Tuesday and 10 cents on Wednesday. The EMI thus closed the week up 18 cents (2.7%) at 691A cents. This took the EMI to its highest level since September 2005, although still below the lowest level of last season. There was a 92% clearance of the 34,084 bales offered. Wool finer than 20 microns gained most, followed by wool in the 21 to 23 microns range. Wool stronger than 23 microns were almost unchanged.
This week in New Zealand, the Merino Indicator that was last quoted at 828 NZ cents (15/12/05) was not quoted whilst the Mid-micron Indicator that was last quoted at 528 NZ cents (6/1/06) was up 28 at 556 NZ cents. The Fine Crossbred Indicator (33-35µ) added 16 cents on the week to 356 NZ cents and the Coarse Crossbred Indicator (35.1+µ) gained three cents on the week to 315 cents. The Lamb Indicator lost two cents this week to close at 337 NZ cents. There was a 92% clearance of 19,492 bales offered.
In South Africa the Cape Wools Overall Merino Indicator started the week at 2,320 SA cents per kg clean and gained 2.7% to close at 2,382 SA cents per kg clean.
The British wool sale saw over an 80% clearance of the 2.7M Kg greasy offered, and prices were generally improved.
Currencies
Towards the end of the week, the Australian dollar was trading at A$2.36/£ whilst the New Zealand dollar was weaker at 2.60 NZ cents/£.
FWG Agency
Many thanks for all the bale specifications received recently.
We have received widespread interest and enquiry for Falkland wool across the micron range.
With Regards
Robert
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