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Wool Prices Mixed

Wool Prices Mixed

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island auction this week saw variation between selling centres with an overall softer market for the 14,800 bales on offer and an 81 percent clearance.

The weighted indicator for the main trading currencies hardly altered compared to last sale on 30th January, firming 0.12 percent having no impact on the market.

Mr Dawson advises that some sectors held their ground as orders for short term shipment needed to be covered, with harder to sell types being discounted. Good and poor style fleece fared better than average style wools. Lines containing a high degree of tenderness were discounted significantly.

Fine Crossbred Fleece and Shears ranged from firm to 3 percent cheaper.

Coarse Crossbred Full Fleece were firm to 5 percent easier, with average style tender wools down the most.

Coarse Shears were generally firm to 3 percent easier.

First Lambs Fleece were firm to 3 percent cheaper. Combing Oddments in the South were 2 to 4 percent dearer and up to 1.5 percent cheaper in the North. Short Oddments were firm to 2 percent cheaper.

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

Next sale on 13th February comprises approximately 6,400 bales from the North Island and approximately 5,000 bales from the South Island.

ENDS

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