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 17, 2010

Surging dollar halts market

CURRENCY fluctuations played havoc with the wool market this week.

The Eastern Market Indicator finished at 867 cents per kilogram clean, dipping 9c/kg compared with last week, however, in US terms it was up 12c/kg.

The Australian dollar surged from 91.3 US cents to 93.8 US cents this week, before easing slightly to 93.5 US cents at the close of sales.

A total 39,016 bales were put to auction, with about 14 per cent of the offering passed-in.

Most types recorded price falls, although 23 and 28 micron wools held their ground pretty well.

Finer types are still the flavour of the month over medium and broader wools for the buying brigade.

Skirtings drifted a little at early sales in Melbourne this week before recovering toward the close of sales.

Crossbreds and oddments also eased.

Competition remains healthy however, with India and Europe showing good support to the strength of China.

Next week’s national offering is tipped to notch 46,106 bales.

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