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Wool Bounces

Wool Bounces

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the combined North and South Island offering of 16,000 bales saw previous week’s downward trend reversed for many types. There was a 90.4 percent clearance rate.

The weighted currency indicator eased slightly compared to the last sale on 12th December, coming down 0.30 percent.

With late notice of the rostered South Island sale on 9th January being cancelled due to insufficient wool available and stimulated recent buying activity after recent market corrections, buyers needed to cover for orders due to be shipped early in the New Year.

Mr Steel advises that Mid Micron Fleece were 1 to 4 percent cheaper compared to the last South Island sale on 5th December.

Compared to the North Island sale on 12th December, Fine Crossbred Fleece 31.5 to 34 micron were 1 to 3 percent firmer with 35 micron up to 7 percent dearer. Fine Crossbred Shears 3/5 to 2/4 inches were firm to 4 percent stronger.

Good colour Coarse Crossbred Full Fleece ranged from 2 to 6 percent dearer, average styles were 2.5 to 4 percent firmer with poor styles recovering significantly to be 9 to 11.5 percent dearer.

Coarse Shears were generally 1 to 4 percent dearer except the very short types which eased up to 2 percent.

A limited First Lambs offering were 1 to 5 percent firmer.

Coarse Long Oddments ranged from 3 to 14 percent dearer. Short Oddments 2 to 10 percent dearer with the biggest lifts in the North Island.

Stimulated activity with wider interest. China, Australasia and the Middle East principal buyers, supported by India, Western Europe and the United Kingdom.

Next sale on 9th January 2014 now comprises only 15,000 bales from the North Island as the South Island sale has been cancelled.

© Scoop Media

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