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Wool Prices Gain

Wool Prices Gain


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 9,400 bales on offer in the South Island this week saw a 91 percent clearance and an overall stronger market.

The weighted indicator for the main trading currencies was 0.71 percent lower than the last sales on 21st February, adding impetus to local price levels.

Mr Dawson advises that a small offering of Mid Micron wool 25 to 29 microns were nominally 2 percent dearer.

Fine Crossbred Fleece 32 to 35 micron were firm to 3 percent stronger with the Second Shears firm to 1 percent dearer.

Good style Coarse Carpet Fleece were 1.5 to 2.5 percent stronger with the poorer styles 2.5 to 4 percent dearer. Longer Coarse Shears increased 1.5 to 4 percent with the shorter types firm to 2.5 percent dearer.

First Lambs Fleece 31 micron and finer were 1 to 3 percent dearer with coarser types 3 percent stronger.

Combing oddments lifted by 3 to 4 percent with shorter oddments firm to 2 percent dearer.

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

Next sale on 7th March comprises approximately 16,000 bales from the North Island and 8,800 bales from the South Island.

ENDS

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