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Weekly Wool Market Report 30/5/2008'
Weekly Wool Market Report 30/5/2008'

 

 

        Another week with the same result saw wool markets continue there downward spiral this week, demand is at a standstill at present with very limited demand Worldwide as fears of exchange rate parity and global economic woes scare customers. Without any sign of some sort of recovery we still encourage growers to sell there clip sooner rather than later as expect market to worsen before it improves, those few growers with the option of holding onto there clip must be prepared to hold for at least the best part of 12 months before any potential improvement in prices. Offerings are at a record low in volume presently but demand is so poor it is unable to hold present levels. This week 19.0 micron and coarser fell 15/30 cents per kilo with finer wools reasonably solid if well tested but inferior types 20/30 cheaper again.


Posted on Friday, May 30, 2008
Posted by Scott Sealy  Contributed by
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