Home About Us Marketing Options Inputs & Merch Livestock Marketing Our Team Services Contact
Weekly Market Report News Testimonials Selling Roster Useful Links

Weekly Market Report

For the latest edition, please refresh this page

With Mark Dyson, Managing Director

October 8, 2010

Market keeps pace with surging dollar

THE wool market continued to keep pace with the raging Australian dollar this week.
 
Despite the dollar surging from 96.7 to 98.3 US cents and almost being at parity with the Greenback toward the end of the week, the Eastern Market Indicator posted its own gain of 18 cents per kilogram to reach 893c/kg clean.
 
In US terms, this put the market up 32c/kg.
 
A total 44,179 bales were put under the hammer and achieved a 93 per cent clearance.
 
Medium micron wools, particularly of 21-22 microns, were in strong demand, which was encouraging considering these types have been a little soft in recent weeks.
 
Fleece wools from 18 through to 23 microns all performed well and broader types recorded good price rises too.
 
Finer wools through to superfine types also maintained their good run since the start of the new selling season. Superfine wools are about 100c/kg above their levels at the beginning of the season.
 
Crossbred types attracted plenty of attention too and skirting prices increased as well, while oddments held steady.
 
Buyers for China were noticeably more aggressive this week, with healthy competition from Europe and India contributing to the solid sales.
 
The positive market mood is expected to continue in coming weeks.
 
The national offering for next week has been set at 40,715 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