• Linkdin

Aussie wool prices remain unchanged last week

25 Feb '13
4 min read

The US exchange rate has been influenced by a number of factors this week.  The early fall was associated with talk of easing the so called “currency wars” at last weekend’s G20 Meeting.  Tuesday’s lift was attributed to bullish comments in the latest Reserve Bank Minutes.  As mentioned above, Thursday’s fall was attributed to a fall in global economic confidence due to concern that Central Banks that have been “printing money” are reviewing such policies.

It was also a mixed week for skirting’s, with price movements following the fleece market.  Crossbreds were also down, while oddments were again generally unchanged.

Buyers for China were very strong this week, while there was good support from buyers for India and Europe.

Sales will be held in Newcastle, Melbourne and Fremantle next week, when 47,636 bales are currently rostered for sale.  Present estimates for the following two sales (Weeks 36 and 37) are 53,588 and 46,900 bales, respectively; an increase of 7.0% over the three sale period when compared with last year.

Australian Wool Industries Secretariat Inc

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search