EASTERN AUSTRALIAN MARKET REPORT

Lack of general competition results in a high passed in rate.

COMMENT

More than 1/3rd of the fleece wool was passed in between the two centres but as much as 46% of the fleece in Melbourne failed to meet grower expectations. These were generally the lower yielding, drought affected types.

FLEECE

16.0 micron was a bright spot in the market, generally unchanged.

Better specification 16.5/18.5 micron up to 1% easier only.

All other descriptions 2% easier.

SKIRTINGS

16.5 micron and finer 1% easier.

17.0 / 18.5 micron 2% easier.

OPEN TOP

Generally 1 to 2% easier

EASTERN AUSTRALIAN MARKET REPORT

The wool market opened cautiously amidst general global economical concerns. The AUD is at a 10 year low against the USD.

COMMENT

Major Chinese buyers were quiet.

FLEECE

Best types 17.0 / 18.0 micron par to 1% easier (Italian specification)

All others 18.5 micron and finer 2% easier.

19.0 / 21.5 micron 3% easier.

SKIRTINGS

2% easier

OPEN TOP

2% easier