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Wool Market Report
03/07/2009
Thursday, 2nd July

Sales continued in Sydney and Fremantle today with no sale in Melbourne due to a very small offering sold on Wednesday. Sydney auctions had good competition across the board with fine wools 18.0 and finer holding firm to slightly dearer 18.5 - 24.0 microns receiving the biggest push today 10/15 cents dearer. XB Fleece improved from the previous offering with a firm to slightly dearer market along with Cardings 5 dearer. It was noted today as like yesterday the trading firms ABB and Queensland Cotton bought the majority of the market. NMI – 798 +6

Fremantle held their second day of selling with a very strong market across all microns. 18.5 microns and broader all 5/10 cents dearer, selected areas have seen rises of more than this. Cardings continued to hold their ground with slight improvement across all descriptions. WMI – 772 +7

Sales continue next week for the last sale before a three week break. 40, 000 bales are currently rostered to commence on Tuesday.

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