EASTERN AUSTRALIAN MARKET REPORT

Another major market correction. A general lack of buyer confidence with little interest coming from overseas clients during these uncertain times.

COMMENT

One third of the offering passed in. All prices down, some better types least affected, especially non mulesed. No doubt at some point in time there will be an over reaction and prices will recover, but confidence must first return.

FLEECE

18.5 micron and finer 3% easier

19.0 / 21.0 micron 5% easier

SKIRTINGS

Best lots 3% easier, others 5% easier.

OPEN TOP

Generally 3 to 5% easier