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Wool Remains Solid

Wool Remains Solid


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson advises that the combined North and South Island sale comprising 14,100 bales saw a 91.2 percent clearance with an overall firm market tone.

The weighted indicator for the main trading currencies increased by 0.42 percent compared to last sale on 29th November with little impact in most areas.

Mr Dawson reports that recent renewed activity from China has helped stimulate the finer sector of the market with carpet types generally holding their ground.

Mid Micron Fleece strengthened 1.5 to 5 percent. Fine Crossbred Full Fleece ranged from firm to 5 percent stronger. Fine Crossbred Shears 2 to 4 inches to 3 to 5 inches were generally 2 to 5 percent dearer with only the shorter types decreasing by up to 3 percent.

Coarse Crossbred Fleece and Shears were generally firm to buyers favour. First Lambs Fleece were firm to 2 percent dearer.

Long Oddments were buyers favour with shorter types firm to 4 percent stronger.

China dominated the market with limited support by Western Europe, Middle East, United Kingdom, India and Australasia.

Next sale on 13th December comprises approximately 7,200 bales from the North Island.

ENDS

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