Weekly Market Wrap
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With Adrian Field, Melbourne
Trading Manager
March 11, 2005
Market dips as dollar climbs
THE eastern market indicator edged downwards this week to
close at 716 cents per kilogram, a fall of 8c/kg.
Prices dropped sharply on the first day of sales before
recovering on Thursday.
This result was largely due to the strong Australian dollar.
Passed-in rates were recorded at 16.2 per cent.
There were some significant discounts in crossbred lambs
wool due to big volumes and reduced demand.
This is a sign of the strong shift into breeding sheep for
meat production, and crossbred lambs wool prices are not expected
to improve greatly.
It is unfortunate that wool growing is slipping due to the
move to meat production, with years of hard work and persistence
in getting wool quality right starting to fall away a little.
Sales will be held in Sydney, Melbourne and Fremantle next
week, with 66,800 bales rostered to go under the hammer.
Little change is expected in the lead-up to Easter, depending
on the currency movement.
| RECENT ISSUES |
 March
04, 2005 |
| February
25, 2005 |
| February
18, 2005 |
| February
11, 2005 |
| February
4, 2005 |
| January
28, 2005 |
| January
14, 2005 |
| December
17, 2004 |
| December
10, 2004 |
| December
3 , 2004 |
| November
26 , 2004 |
| November
19 , 2004 |
| November
12 , 2004 |
| November
5 , 2004 |
| October
29, 2004 |
| October
22, 2004 |
| October
15, 2004 |
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Trading
Manager Adrian Field
takes a look back - for a better wool
future!
Read more... |
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