Market Summary

Wool Market Report 5th March 2010

The wool market eased this week with the AWEX EMI closing down 4c to 915. 19mic closed  at 1077 -7, 21mic 950 -8 and 23mic 922 -5. Total wool offered for the week was just over 43,000 bales with 13% being passed in. The Aussie Dollar rose steadily during the week before closing just above 90US cents.              

Most microns were 5 to 10 cents easier for the week with larger falls occurring on Thursday, particularly in Melbourne. The carding indicator lost 21c to 646. With carding levels being high compared to combing prices, this fall is not unexpected.  

The four week national forecast for sale volumes indicates a decrease in bale numbers. Sales continue next week in the three selling   centres with just over 37,000 bales on offer. 

Tony Kidman
Wool Broking Manager
Viterra Wool