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Weekly Market Report

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With Mark Dyson, Managing Director

March 23, 2012

Softer tone in wool market

THE mood was more subdued in the wool market this week, with the Eastern Market Indicator drifting 15 cents per kilogram to settle at 1224c/kg clean.

Just over 43,000 bales were put under the hammer, with 7.4 per cent passed-in.

Wools of 19.5 and 21 microns were in the gun on the first day of sales, losing 15-30c/kg, while other types were less affected.

It was a similar story on the second day too, although the decline was less at around 10-20c/kg.

However, Merino skirtings have continued to remain firm, with better styles finishing in positive territory. A shorter supply of skirtings appears to be favouring this sector.

Crossbred wools continued to track sideways, while oddments improved slightly, with some types adding 10c/kg.

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