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Weekly Wool Market Report 17th August 2007
Weekly Wool Market Report 17th August 2007

Large falls on exchange rates saw all microns 30/50 cents dearer for the week, again limited business has been done but sentiment and small National sale quantities have spurred the market on. China still reluctant to buy as US dollar prices continue to tumble but when some order returns to the market expect sales after a two month absense from our biggest customer. Next week only 40/45,000 bales on offer which for this time of year is extremely small, so can expect a dearer trend to continue but watch for movement in the exchange rate to dictate the market. Still potential for a correction in the market when spring wools enter the market end September and supply increases.  


Posted on Friday, August 17, 2007
Posted by Scott Sealy  Contributed by
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