Weekly Market Wrap

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With Adrian Field, Melbourne
Trading Manager

September 16, 2005

Market slide halts

THE wool market improved this week, with the indicator clawing back 4 cents per kilogram to close at 681c/kg.

Passed-in rates were the lowest for some time, with only 8.3 per cent of the offering not meeting the reserve.

Southern Region

All Merino fleece types recovered some ground this week and gained up to 5c/kg.

Merino skirtings remained relatively unchanged.

Crossbred types were a little weaker from a very poor and limited offering.

Cardings bounced back to finish about 5c/kg higher than last week.

Next week's sales will again be held in Melbourne, Sydney and Fremantle, with a total offering of about 62,000 bales rostered.

This extra volume will test the market and so we should get a good indication of demand levels.

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