News 
 National Rural News 
 Wool 
 General 
 Wool market up 0.3pc for the week to hit 890c/kg 

Wool market up 0.3pc for the week to hit 890c/kg

16/05/2008 11:05:00 AM
After several poor weeks, the Australian wool market posted a stronger result this week, finishing 0.3pc higher after sales in Sydney, Melbourne and Fremantle.

The benchmark AWEX eastern market indicator rose by six cents a kilogram (+0.7pc) to finish the week at 890c/kg (clean).

However, region by region the results were not consistent:

* the northern market indicator fell 2c/kg (-0.2pc) to close at 925c/kg;

* the southern indicator rose 12c/kg (+1.4pc) to hit 861c/kg; and

* the western indicator fell by 3c/kg (-0.3pc), finishing the week at 865c/kg.

According to the Australian Wool Industries Secretariat, there were 46,694 bales were on offer, compared to 48,646 bales last week, of which 14.4pc were passed in.

Pass-in rates for Merino fleece and skirtings were 16.2pc and 13.7pc, respectively.

Another 3816 bales (7.6pc) were withdrawn prior to sale, while re-offered bales made up 18.1pc of this week's offering.

The re-offer rate was almost 20pc of the offering for the second week in a row.

There was some keen bidding for a limited selection of good quality 16.5-17.5 micron wool, with good staple measurement values, which created a significant lift in their average Micron Price Guides (MPGs).

Other Merino micron ranges were generally up, or unchanged, except for 22 and 23 microns whose MPGs eased by 10c/kg and 5c/kg respectively.

Buyers for China were dominant, with a strong presence from buyers for Europe and for India.

Print
Increase Text Size
Decrease Text Size


Comments


No comments yet. Be the first to comment below.

Post A Comment


Screen name  *
Email address  *
Remember me?
Comment  *
We invite and encourage our readers to post comments. Comments are moderated and will appear as soon as our editor has approved them. When posting comments you agree to be bound by our Terms and Conditions.

SLIDESHOW: E-tags in the shed

15/05/2008 | New electronic eartags are being put under a fierce test in a century-old woolshed in western Victoria where some 4000 stud sheep at Nareeb Narreb, Glenthompson, have been tagged with the new National Livestock Identification Scheme electronic tags.

Q: Do you support the Federal Government's initiatives in re-opening the live export trade with Egypt?

Yes
(24.9%)

No
(75.1%)

Total Votes: 630
Poll Date: 11/05/2008
26/11/2008 | If we're serious about roo farming, we'll need to start with a breeding program and kangaroo EBVs for marbling and tenderness.
 
S&L Subscriptions
 
S&L Advertising
 
Horse Deals Australia
 
Rural Bookshop
 SEND...
 SAVE...
 SHARE...