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AWEX EMI drop by 29¢
22 Oct '08
4 min read
Sales will be held in Sydney, Melbourne and Fremantle next week, when 71,101 bales are currently rostered for sale. This is 9,100 bales above the estimate released on Monday and will place pressure on the market. Present estimates for the following two sales are 53,595 and 54,700 bales, respectively. An increase of 2.1% over the three sale period when compared with last year.
The New Zealand Merino Company will also offer 3,050 bales in Melbourne next week and is rostered to offer 2,925 bales in Week 18.
In South African sales, where 6,171 bales were on offer, the Cape Wools Indicator was down by 5.1% since last week against a 0.1% depreciation of the Rand against the US Dollar and a 0.1% depreciation against the Euro.
The New Zealand Merino Company will also offer 3,050 bales in Melbourne next week and is rostered to offer 2,925 bales in Week 18.
In South African sales, where 6,171 bales were on offer, the Cape Wools Indicator was down by 5.1% since last week against a 0.1% depreciation of the Rand against the US Dollar and a 0.1% depreciation against the Euro.
Australian Wool Innovation Limited
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