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 Wool indicator steady despite 22c/kg fall in the west 

Wool indicator steady despite 22c/kg fall in the west

7/08/2008 5:27:00 PM
Wool's eastern market indicator remained unchanged at 843c/kg after sales in Sydney, Melbourne and Fremantle yesterday, despite a 22c/kg fall in the western indicator.

In what was the first sale in the west after the mid-winter break, the market in Fremantle yesterday mirrored the results of Tuesday's sales in the east.

According to AWEX, the western indicator fell 22c/kg to close at 818c/kg, while the northern indicator lost 1c/kg to stand at 880c/kg, and the southern indicator gained 1c/kg to close last night at 813c/kg.

Across all three markets there were 20,967 bales offered, of which 21pc were passed in.

All three centres are due to sell again today, with 22,594 bales catalogued for auction.

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