Weekly Market Report
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With Mark Dyson, Managing Director
September 24, 2010
Dollar restricts market
A RISING Australian dollar put the brakes on an otherwise healthy wool market this week.
The dollar jumped from 93.5 US cents to 95.6 US cents toward the end of this week.
The Eastern Market Indicator finished at 866 cents per kilogram clean, easing just 1c/kg.
In US terms, the market actually gained 17c/kg.
A total 40,660 bales were put to auction and achieved a 90 per cent clearance.
Medium micron fleece wools performed well and posted some small price gains, while superfine types lost a little ground.
Crossbred wools also eased slightly, while oddments reversed the trend of recent weeks and managed to move into positive territory.
The current buying trend continued, with Europe and India supporting the major activity from China.
The national wool offering next week is set to rise to more than 45,000 bales.
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- March 12, 2010
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- January 29, 2010
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- January 15, 2010
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