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Wool Prices Steady

Wool Prices Steady

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island auction comprising 15,600 bales saw a generally firm market with an 89.6 percent clearance.

The weighted indicator for the main trading currencies eased slightly by 0.38 percent compared to the last sale on 14th February helping hold prices locally.

Mr Dawson advises that although there were pockets of types that softened slightly the overall tone was firm with the bulk of the offering achieving higher levels.

A nominal offering of Mid Micron Fleece remained firm. Fine Crossbred Fleece were firm to 2% dearer. Fine Crossbred Shears were generally firm to 2 percent dearer except some types in the North eased slightly.

Good Colour Coarse Crossbred Fleece was firm to 2 percent dearer with poorer styles firm to 2 percent cheaper. Overall longer coarser shears were firm with the South being slightly dearer and the North slightly cheaper. The opposite occurred for the shorter types with the South being slightly cheaper and the North dearer.

Finer First Lambs were generally firm to 2 percent cheaper with coarser types 3 to 6 percent stronger. Oddments were slightly cheaper except for the better styles which were firm to 2 percent dearer.

Good competition with China, Australasia and India principal, supported by Western Europe, Middle East and United Kingdom.

Next sale on 28th February comprises approximately 9,500 bales from the South Island.

ENDS

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