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Wool Market Steady

Wool Market Steady

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 9,500 bales on offer at this week’s North Island sale saw a 93 percent clearance with a generally firm market.

The weighted indicator for the main trading currencies eased 0.94 percent compared to the last sale on 8th November, helping local prices.

Mr Dawson advises that the Fine Crossbred Fleece was slightly buyers favour with longer shears up to 2 percent easier and shorter types firm.

Coarse full length Crossbred Fleece and longer shears remained firm with 2 to 4 inch wools firm to 1.5 percent dearer and 2 to 3 inch up to 2.5 percent stronger. Crossbred Oddments generally remained firm.

Limited competition with China dominating supported by India, Middle East, Western Europe and the United Kingdom.

Next sale on 22nd November comprises approximately 10,255 bales from the South Island.

ENDS

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