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Wool market finishes 1.2% higher
19 Sep '08
4 min read
Sales will be held in Sydney, Melbourne and Fremantle next week, when 61,283 bales are currently rostered for sale. Present estimates for the following two sales are 47,525 and 52,900 bales, respectively, an increase of 9.7% over the three sale period when compared with last year (note there was one less sale in Fremantle in this period last year).
The expected offering for next week is up by 8,900 bales on the previous week's estimate. No doubt, due to the better recent prices. But, fluctuations of this size always cause annoyance and disruption to buyers.
The New Zealand Merino Company will also offer 3,261 bales in Melbourne next week.
In South African sales, the Cape Wools Indicator was up by 1.3% since last week against a 1.1% depreciation of the Rand against the US Dollar and a 1.8% depreciation against the Euro.
The expected offering for next week is up by 8,900 bales on the previous week's estimate. No doubt, due to the better recent prices. But, fluctuations of this size always cause annoyance and disruption to buyers.
The New Zealand Merino Company will also offer 3,261 bales in Melbourne next week.
In South African sales, the Cape Wools Indicator was up by 1.3% since last week against a 1.1% depreciation of the Rand against the US Dollar and a 1.8% depreciation against the Euro.
Australian Wool Innovation Limited
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