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Weekly Market ReportFor the latest edition, please refresh this page With Mark Dyson, Managing Director
May 25, 2012 Buying still cautious amid global unrestTHE wool market played to the same tune this week, with Greek worries and the subsequent impact on the Australian dollar resulting in cautious demand from buyers. The Eastern Market Indicator lost another 17 cents per kilogram to dip to 1104c/kg clean. The Australian Dollar took a 2 cent dive against the Greenback down to below 97 US cents during the week. In US terms, this put the market 38c/kg lower to 1077c/kg. The national offering came down from a scheduled 35,000 to just over 33,000 bales, which was among the smallest of the season. The pass-in rate reduced from last week’s major jump, but was still a high 18 per cent. The purchasing trend was close to a carbon copy of last week, with poorer styles comprising cott, colour and high vegetable matter copping the biggest discounts. There was some encouraging activity at both the fine and broader ends of the market, however these types also are in tight supply. Wools of around 23 microns actually added about 10c/kg in Melbourne. Broader types have received great support this season, with the price difference between these and finer to medium types now significantly reduced. Lower style Merino skirtings with high seed content and colour were again hammered this week, while better types at the finer end remained firm. Shorter pieces and bellies with high vegetable matter content also are now falling considerably in price. Crossbred wools managed to hold their own again and even added a few cents in Melbourne. It wasn’t the same story for oddments though, where poorer types and stains and crutchings, in particular, drifted 30-40c/kg. Recent Issues
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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. 
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.