Weekly Market Wrap

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With Adrian Field, Melbourne
Trading Manager

April 22, 2005

Market eases slightly

THE eastern market indicator closed 4 cents per kilogram lower this week at 726c/kg.

Passed-in rates were recorded at 11.9 per cent.

Middle micron fleece wools were most affected, easing by 5-10c/kg.

Wools of 17.5 micron and finer strengthened by up to 10c/kg and prices for crossbred types also increased slightly.

Merino pieces and bellies weakened by about 10c/kg and carding wools remained unchanged.

Two-day sales will be held in all centres next week due to the ANZAC Day holiday.
Total bales on offer will be a little more than 53,000 bales.

We expect the market to largely remain unchanged.

The International Wool Textile Organisation conference held this week in Tasmania (Hobart) was apparently very informative. We will include more information of the week's activities and topics in next week's report.

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