Falkland Wool Growers Ltd
Craiglearan, Moniaive
Thornhill, Dumfriesshire DG3 4JD
Tel: 01848 200 497 Fax: 01848 200 489
Email: roberthall@falklandwoolgrowers.co.uk
Registered in Scotland No: 176228
VAT Reg No: 699 5128 75
WOOL REPORT: for the week ending Friday 18th June 2004
Auctions
The Australian market’s Eastern Market Indicator (EMI) gained four cents on Wednesday and increased a further three cents on Thursday. The EMI thus closed the week up seven cents (+0.85%) at 821 A cents. In Sydney most types changed within a range of –1 to +13 cents. 11% was passed-in.
In New Zealand the Fine Indicator was quoted at 1,010 NZ cents, the Medium Indicator was quoted at 556 NZ cents, the Strong Indicator was up five cents at 437 NZ cents whilst the Lamb Indicator added seven cents to close at 427 NZ cents. 18% was unsold.
In the final 2003/2004 season sale in South Africa, the Cape Wools Overall Merino Indicator gained 0.7% moving from 2,722 to 2,742 SA cents/kg. “This is 22% below the opening level. The indicator averaged 3,068 SA cents/kg for the season, down 28% on the year. The season was market by sluggish demand from key markets due to uncertainty in global economies and volatile exchange rates, which sent prices on a roller-coaster ride from week to week.” WRWMR
The British Wool auction of coarse and variable quality wool lots saw selective bidding, 58% sold and the Indicator unchanged at 83 p/kg greasy.
Currencies
The Australian dollar was trading at about two cents weaker at A$2.66/£ for much of the week, which had the effect of negating almost all gains made in Australia when converted to sterling. The New Zealand dollar was at about 9 cents stronger at 2.90 NZ cents/£.
FWG Agency
We had another good spread of speciality interest and enquiry. Additional supplies of wool would be welcomed by our customers.
Core samples from the Marianne Danica have been submitted to SGS, with the first results received and more due shortly.
With Regards
Robert
