Weekly Market Wrap
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With Adrian Field, Melbourne
Trading Manager
November 12, 2004
Currency eases, market gains
THE eastern market indicator closed the week at 749 cents
per kilogram, a rise of 7c/kg.
Prices for most wool types remained unchanged, with the
exception of 21-24 micron Merino fleece types which gained
up to 15c/kg.
Good sale results made passed-in rates low, with only 9.7
per cent not sold.
A combination of strong demand, lower dollar and shortage
of wool was the driver of the improved result.
Next week’s sales will be held in all three major
centres, and bales rostered for the week have increased to
more than 65,000, which may test the market.
The market is expected to be reasonably solid next week.
NOTE: Wider market and industry issues will be discussed
next week.
| RECENT ISSUES |
 November
5 , 2004 |
| October
29, 2004 |
| October
22, 2004 |
| October
15, 2004 |
| October
8 , 2004 |
| October
1 , 2004 |
| September
23 , 2004 |
| September
17 , 2004 |
| September
10 , 2004 |
| September
3 , 2004 |
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Trading
Manager Adrian Field
takes a look back - for a better wool
future!
Read more... |
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