Weekly Market Wrap
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With Adrian Field, Melbourne
Trading Manager
August 17th, 2007
Upward surge continues
THE combination of a small weekly offering and a weakening Australian dollar assisted a jump in prices this week.
The eastern market indicator jumped a further 26 cents per kilogram to close at 925c/kg.
Of the 36,442 bales offered, 10 per cent was passed-in.
All types and categories improved, apart from Merino cardings, which remained firm.
Southern region
All Merino fleece recorded substantial rises, with prices improving 25-45c/kg.
Merino skirtings gained 10-40c/kg, with finer types again showing the biggest improvements.
All crossbred fleece prices climbed, with most microns fetching at least an extra 10c/kg. Cardings remained unchanged.
Sales will again be held in all three centres next week, with 44,000 bales on offer.
Prices should remain steady next week thanks to another small offering.
| RECENT ISSUES |
 August 10, 2007 |
| August 3, 2007 |
| July 6, 2007 |
| June 29, 2007 |
| June 22, 2007 |
| June 15, 2007 |
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| June 1, 2007 |
| May 25, 2007 |
| May 18, 2007 |
| May 11, 2007 |
| May 4, 2007 |
| April 27, 2007 |
| April 20, 2007 |
| April 5, 2007 |
| March 30, 2007 |
| March 23, 2007 |
| March 16, 2007 |
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