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Related Keywords: Australian producers saw relatively gentle movement, cashmere, Euro terms, local wool market this week, market much stronger with a rise of twenty one Euro cents, medium merino fleece, overall market rose by sixteen US c, past week, rise in Australian dolla, Stronger Australian dollar weighed, Superfine Merino, Wool prices strengthen

Wool prices strengthen despite rise in Australian dollar due to which for the past week the overall market rose by US16c. Stronger Australian dollar weighed on the local wool market this week. In Euro terms the market was also much stronger with a rise of 21 Euro cents for the week. Australian producers saw a relatively gentle movement of only plus-3c with superfine Merino continuing to lead the way. Further with buyers continuing to target the better tested lots, the 18 micron and finer rose by as much as 30c.

Related Keywords: buyer made deal on cautious note, demand for fine grades remained higher, fortify inventories, Karachi Cotton Association, lack of fine and second grade, Pakistan cotton market, past week, power outages at ginneries, slow arrival of cottonseed, spot rate, textile units kept activities dully, trading remained dull

During past week, trading remained dull due to lack of fine and second grade and power outages at ginneries, textile units kept activities dull and buyers made deals for all grades on cautious note besides demand for fine grades remained higher in order to fortify their inventories, floor brokers said.

The forward deals were made on back of grade issue at around Rs 4,925 per maund to Rs 4,950 per maund, traders said on Saturday.