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

April 16, 2010

Market subdued after Easter recess

A LITTLE caution in the market following the Easter sales recess, combined with a stronger Australian dollar, resulted in a wool price softening this week.

The Eastern Market Indicator closed at 883 cents per kilogram clean, 17c/kg down on its level from the last sales before Easter.

However, with the Australian dollar nearly 2 cents ahead against the Greenback from its position back then, it means the market in US terms is actually up 1c/kg. The dollar had increased from 91.5 US cents to 93.1 US cents and was edging higher toward the end of this week.

A total 51,369 bales were offered at auction sales, with the pass-in rate jumping to nearly 25 per cent as a result of the easing market.

Buyers appeared to sit on their hands a little this week and observe the competition levels, although there were good signs of strengthening activity at final sales.

Price levels dipped for all micron categories, but then found a base toward the end of the week.

Wool of around 23 microns was most affected by the price decline, with crossbreds and oddments impacted similarly.

The typical buying trend of Chinese domination, with support from Taiwan and India, was played out this week.

Upcoming national wool offerings are down when compared to the same period last year. A total 46,496 bales has been rostered to go under the hammer next week.

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