Home About Us Marketing Options Inputs & Merch Livestock Marketing Our Team Services Contact

Weekly Market Report

For the latest edition, please refresh this page

With Mark Dyson, Managing Director

September 16, 2011

Uncertainty prevails as market declines

THE slight uncertainty in the wool market continued this week, with the Eastern Market Indicator declining 20 cents per kilogram to settle at 1274c/kg clean.

The concern in global financial markets and weaker business confidence continues to impact the market.

In US terms, the market shed 71c/kg to finish at 1300c/kg, with the Australian dollar drifting by around 3 per cent against the Greenback over the week.

A total 45,020 bales were put to auction and sales still achieved a strong clearance of 91pc.

Finer Merino fleeces ranging from 17-19 microns were most affected by the downturn, with prices falling by up to 7pc.

However, skirtings and oddments attracted solid support and prices for a smaller crossbred offering lifted.

As usual, Chinese buyers dominated, while Europeans were more selective and there also was good competition from the Czech Republic and Italy.

The national offering next week is set to climb to 52,514 bales, with auctions taking place over three days in Melbourne.

Recent Issues

Marketing Options

Quality Wool offers a full range of low-cost marketing options to growers, including auction, electronic selling (Wooltrade), private buying, forward contracts, consignment and export. More info

Inputs & Merch

Quality Wool also offers a complete range of farm inputs and general agricultural merchandise through our subsidiary, Quality Rural. We are able to offer products at the most competitive prices, delivered promptly and efficiently, and backed by reliable service and support.

More info