Weekly Market Wrap

Adrian Field

Adrian Field
Trading Manager

 

With Adrian Field, Melbourne
Trading Manager

May 14, 2004

Market strengthens slightly

THE eastern market indicator finished 9 cents per kilogram higher than last week to close at 775c/kg.

The indicator increased 15c/kg on the first day before slipping 6c/kg on Thursday.

Many in the industry were anticipating the weaker Australian dollar to lift the market higher.

Most gains were in the 19 to 22 micron fleece categories. Carding wools were the only category to fall for the week.

The gap continues to widen between microns and there are now significant discounts for poor style wools with high vegetable matter content.

AWI has just announced that it will run 120 workshops across Australia to help improve on-farm fibre measurement practices using the Laserscan and OFDA machines.

If unfamiliar with the testing methods, try to make the effort to attend as it's growers' money that's paying for the workshops.

Next week the market should remain fairly solid due to the lower Australian dollar.

 

RECENT ISSUES PAST ISSUES  
May 7 , 2004 April 30, 2004 October 17, 2003
  April 23, 2004 October 10, 2003
  March 26, 2004 October 3, 2003
  March 19, 2004 September 26, 2003
  March 12, 2004 September 19, 2003
  March 5, 2004 September 12, 2003
  February 27, 2004 September 5, 2003
  February 20, 2004 August 29, 2003
  February 13, 2004 August 22, 2003
  February 6, 2004 August 15, 2003
  January 30 , 2004 August 8, 2003
  January 23, 2004 August 1 , 2003
  January 16, 2004 July 4 , 2003
  January 9, 2004 June 27, 2003
  December 12 , 2003 June 20, 2003
  December 05 , 2003 June 13, 2003
  November 28, 2003 June 6, 2003
  November 21, 2003 May 30, 2003
  November 14, 2003 May 23, 2003
  November 7, 2003 May 16, 2003
  October 31, 2003 May 9, 2003
  October 24, 2003 May 2, 2003


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