EASTERN AUSTRALIAN MARKET REPORT - The Schneider Group

Market cheaper. AUD also continuing with an easing trend against the USD.

COMMENT

The decision of Chinese authorities to lift the ban on South African wool imports was likely to have contributed to today’s market uncertainty in Australia.

FLEECE

Better lots 1% easier.

Good to average specification 1 to 2% easier.

Inferior yield and shorter staple length (<64mm) 2 to 3% easier.

SKIRTINGS

Better lots 1% easier, inferior lots irregular and a little more than that.

OPEN TOP

Nominally 1% easier.