Weekly Market Wrap

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With Adrian Field, Melbourne
Trading Manager

August 19, 2005

Market falls below 700c/kg

THE eastern market indicator eased further this week to close at 698 cents per kilogram - a fall of 8c/kg.

The northern region market dipped by 16c/kg, with some Merino fleece wools shedding up to 25c/kg.

The southern region was less affected, but still declined by 5c/kg.

Passed-in rates were recorded at 14 per cent.

The Australian dollar remained at 76 cents against the Greenback.

Most Merino fleece types in Melbourne were about 5c/kg cheaper. Wools in the 19 micron and finer range were most affected, with some types falling up to 10c/kg.

Merino skirtings were less affected, but still eased by about 5c/kg.

Crossbred wools remained unchanged, apart from 30 micron and broader types which fell by about 10c/kg. Cardings dipped 5-10c/kg.

Next week's sales will be held in Melbourne, Newcastle and Fremantle, with a total offering of 53,382 bales rostered.

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