Interviews
Good week for the fine wools
24 Oct '11
4 min read
Crossbred wools eased over the first two days, but picked up on Thursday, in line with other wool types. The week finished with a mixed result, with the average AWEX MPG up slightly for 28 microns and down for 30 and 32 microns.
Oddments generally came off sharply on Tuesday, but followed up with a partial recovery on Wednesday and Thursday.
Buyers for China were dominant followed by buyers for Europe and India. Buyers for Italy were prominent in Newcastle, as is normally the case.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 41,886 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 18 and 19) are 42,930 and 41,400 bales, respectively; a decrease of 18.0% over the three sale period when compared with last year.
The New Zealand Merino Company is rostered to offer 1,330 bales in Melbourne next week.
In South African sales, the Cape Wools Indicator was up by 4.0% since last week against a 1.5% depreciation of the Rand against the US Dollar and a 2.3% depreciation against the Euro. 10,476 bales were on offer.
Click here for chart and tables
Oddments generally came off sharply on Tuesday, but followed up with a partial recovery on Wednesday and Thursday.
Buyers for China were dominant followed by buyers for Europe and India. Buyers for Italy were prominent in Newcastle, as is normally the case.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 41,886 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 18 and 19) are 42,930 and 41,400 bales, respectively; a decrease of 18.0% over the three sale period when compared with last year.
The New Zealand Merino Company is rostered to offer 1,330 bales in Melbourne next week.
In South African sales, the Cape Wools Indicator was up by 4.0% since last week against a 1.5% depreciation of the Rand against the US Dollar and a 2.3% depreciation against the Euro. 10,476 bales were on offer.
Click here for chart and tables
Australian Wool Industries Secretariat
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