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Eurozone bail out plan cheering Aussie wool market
16 Jan '12
4 min read
Cardings had a mixed start to the week when a large offering was available in Melbourne. This was followed by some strong demand over the next two days. The average AWEX Merino Cardings Indicator was up by 15¢.
Buyers for China were dominant followed by buyers for India and Europe. Sales will be held in Sydney, Melbourne and Fremantle next week, when a large offering of 57,783 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 30 and 31) are 42,800 and 38,600 bales, respectively; a decrease of 11.4% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was up by 7.1% since last sale against a 1.3% depreciation of the Rand against the US Dollar and a 3.8% appreciation against the Euro. 12,330 bales were on offer.
Click here for chart and tables
Buyers for China were dominant followed by buyers for India and Europe. Sales will be held in Sydney, Melbourne and Fremantle next week, when a large offering of 57,783 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 30 and 31) are 42,800 and 38,600 bales, respectively; a decrease of 11.4% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was up by 7.1% since last sale against a 1.3% depreciation of the Rand against the US Dollar and a 3.8% appreciation against the Euro. 12,330 bales were on offer.
Click here for chart and tables
Australian Wool Industries Secretariat Inc (AWIS)
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