Interviews
Australian wool market up
13 Feb '12
4 min read
Buyers for China were dominant followed by buyers for Europe, India and Korea.
Sales will be held in Sydney, Melbourne / Launceston and Fremantle next week, when 47,651 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 34 and 35) are 43,670 and 41,400 bales, respectively; a decrease of 5.4% over the three sale period when compared with last year.
The New Zealand Merino Company is rostered to offer 2,500 bales in Week 34.
In South African sales, the Cape Wools Indicator was up by 0.5% since last week against a 3.2% appreciation of the Rand against the US Dollar and a 1.8% appreciation against the Euro.
Sales will be held in Sydney, Melbourne / Launceston and Fremantle next week, when 47,651 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 34 and 35) are 43,670 and 41,400 bales, respectively; a decrease of 5.4% over the three sale period when compared with last year.
The New Zealand Merino Company is rostered to offer 2,500 bales in Week 34.
In South African sales, the Cape Wools Indicator was up by 0.5% since last week against a 3.2% appreciation of the Rand against the US Dollar and a 1.8% appreciation against the Euro.
Australian Wool Industries Secretariat
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