Interviews
Fall in US exchange rate hits AWEX wool indicator
28 May '12
4 min read
The US exchange rate continues to fall back for all the familiar reasons while the ongoing uncertainty continues in Greece. There is now increasing speculation as to whether Greece will leave the Eurozone.
Skirting prices again came under considerable pressure on Wednesday, particularly among the heavy fault and poorer type wools. The better style types held their ground on Thursday, while other types remained under pressure.
It was a mixed week for crossbreds, with the average AWEX Micron Price Guide (MPGs) relatively unchanged at the fine end, but down for 32 microns due to a significant fall in the North over the last two weeks.
Oddment types were down in all centres on both days, with locks the least affected. The AWEX Merino Cardings Price Guide eased by around 10¢ on both selling days.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 40,838 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 49 and 50) are 26,197 and 34,600 bales, respectively; an increase of 21.8% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was down by 2.5% since last sale against a 5.7% depreciation of the Rand against the US Dollar and 3.1% depreciation against the Euro. 8,271 bales were on offer.
Skirting prices again came under considerable pressure on Wednesday, particularly among the heavy fault and poorer type wools. The better style types held their ground on Thursday, while other types remained under pressure.
It was a mixed week for crossbreds, with the average AWEX Micron Price Guide (MPGs) relatively unchanged at the fine end, but down for 32 microns due to a significant fall in the North over the last two weeks.
Oddment types were down in all centres on both days, with locks the least affected. The AWEX Merino Cardings Price Guide eased by around 10¢ on both selling days.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 40,838 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 49 and 50) are 26,197 and 34,600 bales, respectively; an increase of 21.8% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was down by 2.5% since last sale against a 5.7% depreciation of the Rand against the US Dollar and 3.1% depreciation against the Euro. 8,271 bales were on offer.
Australian Wool Industries Secretariat Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
