Weekly Market Wrap
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With Adrian Field, Melbourne
Trading Manager
August 31st, 2007
Market eases
THE eastern market indicator fell 25 cents per kilogram this week due to a strengthening Australian dollar and slowing demand from China.
The indicator closed at 910c/kg.
Of the 48,392 bales offered, 17.3 per cent was passed-in - almost 10pc more than last week.
Nearly all types eased except for broad crossbred wools and cardings, which remained firm.
Southern region
All Merino fleece fell 20-30c/kg, while Merino skirtings shed about 20c/kg.
Crossbred fleece finer than 30 microns dipped 20c/kg, while broader types remained solid.
Cardings also remained firm.
Sales will be held in all three centres next week, with a little over 53,000 bales rostered for sale.
The market may struggle a little, but it should hold up.
| RECENT ISSUES |
 August 24, 2007 |
| August 17, 2007 |
| August 10, 2007 |
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| June 29, 2007 |
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| June 1, 2007 |
| May 25, 2007 |
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| May 11, 2007 |
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| April 27, 2007 |
| April 20, 2007 |
| April 5, 2007 |
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