Weekly Market Wrap
For the latest edition, please Refresh
frequently visited pages.
With Adrian Field, Melbourne
Trading Manager
December 10, 2004
Market surges towards Christmas break
THE eastern market indicator closed at 741 cents per kilogram
yesterday after a 17c/kg jump.
This represented the largest increase for quite some time,
providing some much-needed positive news.
Passed-in rates from this week's sales were around 11 per
cent.
Most Merino fleece types enjoyed sharp price increases,
especially 21-24 micron wools.
Merino skirtings remained solid, crossbred types were slightly
higher and cardings were very strong.
The finest wool at auctions this week sold for 300,000c/kg
- the buyer was 'Raymond' from India. The bales measured 11.8
microns and were produced by the Horsham Wool Factory.
Although the falling Australian dollar helped push prices
upward, new orders, which must be shipped before the new year,
were probably the main reason for such a rise.
A solid market is expected next week in the lead up to Christmas
and the new year.
The national offering is scheduled at just over 64,000 bales,
and sales will be held in all three major centres.
|
|
| |
| |
 |
 |
 |
|
|
Trading
Manager Adrian Field
takes a look back - for a better wool
future!
Read more... |
|
|
|
|
|
|
