Weekly Market Wrap
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With Adrian Field, Melbourne
Trading Manager
May 4th, 2007
Further marginal improvement
THE eastern market indicator added a further 3 cents per kilogram this week to finish at 940c/kg.
Very good demand was evident for better styled wools, which were limited.
Of the 53,652 bales offered, 7.3 per cent was passed in.
Consistent results were recorded throughout the three regions.
Southern region
Merino fleece types were generally 5c/kg dearer, apart from 19.5 and 21-micron wools, which remained unchanged.
Merino skirtings again strengthened about 10c/kg, while crossbred fleece wools gained a further 5c/kg and cardings were solid too.
Small offerings are rostered for next week, with a total national offering of 43,537 bales to go under the hammer.
A similar trend is anticipated next week.
| RECENT ISSUES |
 April 27, 2007 |
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