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Showing 10 results of about 319 for 'wool comments' :
  • WOOL
  • NATIONAL

Friday, March 27, 2020

Wool has a steady week

Following last weeks drama, the wool market found support and when all is considered, performed well. The finer microns led the way with buyers keen to purchase in the wake of possible total auction room shutdowns in the future.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-has-a-steady-week.aspx
  • WOOL
  • NATIONAL

Friday, March 20, 2020

Wool market feels full effect

If last week in the midst of global turmoil the wool market caught a cold, this week it had “full blown influenza”. Despite the Au$ free falling the wool market was hit hard with buyers reducing limits continuing the EMI downturn for the sixth consecutive day.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-market-feels-full-effect.aspx
  • WOOL
  • NATIONAL

Friday, March 13, 2020

Wool market not immune

Despite the resilience shown over previous weeks by the wool market in the face of the global impact and then the week shut-down of sales due to the cyber attack on the Talman system, this week it succumbed. The accumulated effect of increased volume as a result of the shut-down, and the global uncertainty caused the market to record losses across the board.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-market-not-immune.aspx
  • WOOL
  • NATIONAL

Friday, March 06, 2020

Sales back on track

In what was a somewhat stellar performance this week, the wool auctions returned after the ransomware attack on the Talman system, to post a result that underpins the current strong demand for wool. The market was able to absorb a record volume and hold prices relatively steady. This at a time when the world of commerce is impacted by COVID-19 virus spreading across the globe, giving support to the notion that the tight stocks situation will support prices in the medium term.

http://www.mecardo.com.au/commodities/wool/market-comment/sales-back-on-track.aspx
  • WOOL
  • NATIONAL

Friday, February 28, 2020

Cyber attack stops wool sales

This week the Australian wool market was forced to cancel all wool sales due to a cyber attack on the Talman IT platform. While not the only provider of IT systems to the industry, Talman is the largest supplier of in-house wool IT systems in the world.

http://www.mecardo.com.au/commodities/wool/market-comment/cyber-attack-stops-wool-sales.aspx
  • WOOL
  • NATIONAL

Friday, February 21, 2020

Wool market stays cool, calm and collected

Another week gone and another relatively steady wool market, considering the environment of our major buyer. The industry is still chattering with worry about factory and bank closures, and supply chain disruptions In China yet we’re not seeing these disturbances sift through to buying activity.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-market-stays-cool,-calm-and-collected.aspx
  • WOOL
  • NATIONAL

Friday, February 14, 2020

Wool market just hanging on

The wool market is navigating a succession of head winds at the moment. Coronavirus (now named Covid-19) and increased tariffs by the US on Chinese garments are two major negatives that have emerged in the past 6 months.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-market-just-hanging-on.aspx
  • WOOL
  • NATIONAL

Friday, February 07, 2020

Wool in balancing act

This week the wool market operated under the shadow of the Novel Coronavirus, causing widely differing predictions as to the likely impact this would have on the market. With China the dominant force in the wool market by a long way, concerns were high as to the likely effect. The reality was that the wool market improved in a week of global uncertainty, confounding many observers.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-in-balancing-act.aspx
  • WOOL
  • NATIONAL

Friday, January 31, 2020

Flow on effect of virus shakes confidence

Confidence in the wool market took another hit this week as the flow on effect of the Novel Coronavirus has been rearing its head. Local exporters took their cues from foreign importers who are uncertain due to disruptions in mills and trade flows. The opening drop in the market saw sellers withdraw their wool, prompting a nervous recovery due to the extra pressure on the lots remaining.

http://www.mecardo.com.au/commodities/wool/market-comment/flow-on-effect-of-virus-shakes-confidence.aspx
  • WOOL
  • NATIONAL

Friday, January 24, 2020

Cardings defy downward trend

The impressive opening to the 2020 selling season, pronounced by three successive weeks of rises, has hit a roadhump as the Australian wool market has recorded overall losses this week. The fragility of the market was clearly evident as prices changed day to day, sometimes up and other times down. A softer tone was evident as soon as selling began, with the market settling on the final selling day as buyers found a price basis they were comfortable with.

http://www.mecardo.com.au/commodities/wool/market-comment/cardings-defy-downward-trend.aspx

Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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