Interviews
Australian wool market closes 0.5% higher
12 Mar '12
4 min read
Skirtings prices generally followed those of the fleece types, with the poorer types most affected early in the week. Prices bounced back well on Thursday, particularly in the South and among the poorer types in the North. Crossbred prices were a bit mixed, but generally finished a good note on Thursday.
Oddments had a good week, finishing on a strong note on Thursday. Buyers for China were dominant followed by buyers for India, Europe and Taiwan.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 43,372 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 38 and 39) are 44,700 and 42,800 bales, respectively; a decrease of 6.2% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was up by 0.6% since last week against a 2.3% depreciation of the Rand against the US Dollar and a 0.2% appreciation against the Euro. 13,055 bales were on offer.
Oddments had a good week, finishing on a strong note on Thursday. Buyers for China were dominant followed by buyers for India, Europe and Taiwan.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 43,372 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 38 and 39) are 44,700 and 42,800 bales, respectively; a decrease of 6.2% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was up by 0.6% since last week against a 2.3% depreciation of the Rand against the US Dollar and a 0.2% appreciation against the Euro. 13,055 bales were on offer.
Australian Wool Industries Secretariat Inc (AWIS)
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