Interviews
Australian wool prices drop last week
27 Feb '12
4 min read
Crossbreds started the week well, being less affected than Merino types; and moved up in the North. This was not sustained on Wednesday and Thursday when further falls occurred.
Oddments were generally in good demand all week. The average AWEX Merino Cardings Indicator was the only Indicator that was up for the week.
Buyers for China were dominant followed by buyers for Europe and India. Sales will be held in Newcastle, Melbourne and Fremantle next week, when 49,598 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 36 and 37) are 48,388 and 43,100 bales, respectively; an increase of 1.2% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator moved up by 0.8% since the last sale two weeks ago. The Rand depreciated by 2.5% against the US Dollar and by 2.2% against the Euro. 10,821 bales were on offer.
Oddments were generally in good demand all week. The average AWEX Merino Cardings Indicator was the only Indicator that was up for the week.
Buyers for China were dominant followed by buyers for Europe and India. Sales will be held in Newcastle, Melbourne and Fremantle next week, when 49,598 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 36 and 37) are 48,388 and 43,100 bales, respectively; an increase of 1.2% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator moved up by 0.8% since the last sale two weeks ago. The Rand depreciated by 2.5% against the US Dollar and by 2.2% against the Euro. 10,821 bales were on offer.
Australian Wool Industries Secretariat Inc (AWIS)
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