Wool Continues To Firm

Wool Continues To Firm

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island wool auction comprising 15,100 bales saw an overall firming trend with a 90.7 percent clearance.

The weighted currency indicator hardly altered, easing 0.25 percent, having minimal impact.

Mr Dawson advises that there were some price variations between selling centres reflecting localised covering requirements with the main driver continuing to be limited supply and firming Compared to the 16th Mid Micron Fleece 25 to 30.5 micron were firm to 2 percent dearer.

Fine Crossbred Full Fleece 32 to 35 micron were firm to slightly dearer in the South and slightly easier in the North. Fine Crossbred Shears were firm to 3 percent dearer.

Coarse Crossbred Fleece were generally firm to 2 percent stronger. Coarse Second Shears were firm to 3 percent dearer.

First Lambs were 1 to 4 percent firmer except the finer types in the North which eased slightly.

Long Oddments were firm to 8 percent dearer with short types 3 to 6 percent stronger.

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

January comprises approximately 8,300 bales from the North Island and 7,200 bales from the South Island.

ends

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