Home
About Us
Marketing Options
Inputs & Merch
Livestock Marketing
Our Team
Services
Contact
| Weekly Market Report News Testimonials Selling Roster Useful Links |
Weekly Market ReportFor the latest edition, please refresh this page With Mark Dyson, Managing Director
March 18, 2011 Medium micron wools in demand
THE wool market has maintained its upward trend, with the Eastern Market Indicator climbing another 22 cents per kilogram this week to notch 1370c/kg clean.
However, in US terms it drifted 14c/kg down to 1343c/kg due to the weakening currency caused by the impact of the earthquake and tsunami in Japan on global confidence. Ongoing tensions in the Middle East, especially in Libya, are adding to this concern.
The Australian dollar lost more than 2 cents against the Greenback, declining from 100.7 to 98.1 US cents.
A total 44,283 bales were put to auction, with about 6 per cent of the catalogue passed in.
Medium micron wools from 20-24 microns were the flavour of the week, with buyers now starting to look for lower cost options.
Wools of 23 microns jumped 41c/kg at early sales and the 20-24 micron types gained another 25c/kg on the second day of sales in Melbourne.
Demand for finer wools remained stagnant, with 17 micron types shedding about 23c/kg.
The positive trend for crossbred wools continued, while seasonal conditions have begun to affect Merino skirtings.
Significant rain has increased wool vegetable matter content and caused fleece yellowing. Wools with cuttings and disolouration were discounted by around 50c/kg.
Oddments followed the market movements, with broader types firming and finer lots easing.
Chinese buyers remained in control, especially in the crossbred catalogue, with India, Europe and Taiwan applying some good pressure.
Recent Issues
|
Marketing Options
Inputs & Merch
|
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.