Weekly Market Wrap

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With Adrian Field, Melbourne
Trading Manager

January 14, 2005

Market kicks-off on positive note

THE first sale of the new year brought some positive news for the wool industry, with a slight improvement in prices.

The eastern market indicator gained 3 cents per kilogram to close at 746c/kg.

Most interest was for 23-25 micron Merino fleece types, where price increases of up to 15c/kg were recorded.

Passed-in rates were just under 10 per cent.

Merino fleece remained unchanged apart from the 23-25 micron category and 21 micron types, which dropped 5c/kg.

Merino pieces and bellies eased slightly. Crossbred wools were very firm and gained up to 5c/kg in the 30 micron range. Cardings also increased by 5c/kg.

Sales will be held in Melbourne and Sydney next week, with 55,717 bales on offer.

The market is expected to hold firm.

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