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 Wool’s EMI lifts 1.4pc just before winter recess 

Wool’s EMI lifts 1.4pc just before winter recess

09 Jul, 2009 12:14 PM
BUYERS pushed the wool market higher in Sydney and Melbourne yesterday, on the last throw of the dice before the recess.

Despite a strong market on the eastern seaboard, however, prices in Fremantle were mostly lower for the more common microns.

The eastern market indicator (EM) lifted by 1.4pc, or 11c/kg, to close on 786c/kg.

Regional indicators:

Northern, in Sydney, up 10c/kg, to 808ck.

Southern, in Melbourne, up 13c/kg, to 771c/kg.

Western, in Fremantle, down 1c/kg, to 771c/kg.

In Sydney, most microns in the range sold 15 to 20 cents lifted above their previous levels, with a strong emphasis on lots with less than 1pc Vm.

The fine end remained very firm to a little dearer.

In Melbourne, AWEX says the Merino fleece market finalised the sales prior to a three week recess with a solid 10 cent increase across the offering.

The odd lot of best style 18 microns and finer increased up to 15 cents, while the 21 to 23 microns were 15 to 20 cents above Tuesday’s opening levels.

In Fremantle, the lower prices were mostly for the more common microns - 20 to 22.5-microns, which eased by 5 cents, when compared to last Thursday.

However, the finer microns found some support and firmed by a few cents.

A total of 42,086 bales was offered nationally this week and nearly 12pc were passed in nationally.

The next sales after the winter recess, which coincide with the northern hemisphere's peak holiday period, resume in the week starting August 3.

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MULTIMEDIA
29 June, 2009
POLL
Q: Many federal politicians are overseas on trade missions and study tours, during Parliament's winter recess. Is the cost to taxpayers justified?

Yes, the trips are worthwhile.
(26.7%)

No, they're not justified.
(73.3%)

Total Votes: 435
Poll Date: 06 July, 2009

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