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Wool Generally Steady

Wool Generally Steady

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island Wool Auction comprising 15,300 bales saw some variation in price levels between types and selling centres compared to last sale on 31st January, however overall the market generally steadied.

The weighted indicator for the main trading currencies was unchanged with 87 percent of the offering sold.

Mr Dawson advises that steady enquiry and lower than expected wool flow is helping the market to stabilise.

Mid Micron Fleece 28 and 29 micron were up to 2 percent firmer with 30 micron 1.5 percent easier.

Fine Crossbred Fleece were generally firm with the Second Shear types ranging from firm to 4 percent stronger.

Coarse Crossbred Fleece varied between Islands with the South up to 1.5 percent firmer and the North firm to 2 percent cheaper.

Overall the Coarse Shears were firm to slightly dearer.

Short First Lambs were firm in the North and between 1 and 4 percent easier in the South.

Long Coarse Oddments were 3 to 5 percent cheaper with Short Oddments strongly contested lifting between 6 and 13 percent.

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

Next sale on 14th February comprises approximately 7,500 bales from the North Island and 6,600 bales from the South Island.

ENDS

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