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NZWSI Weekly Wool Market Report

NZWSI Weekly Wool Market Report

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that this week’s offering of 7,800 bales from the North Island saw an 88 percent clearance with varied fortunes for different categories of wool types.

The weighted indicator for the main trading currencies compared to the last sale in the South Island on 10th April came down 0.83 percent, aiding prices locally in some instances.

Mr Dawson advises that tight shipment demands for specific types has been the main market driver with the harder to place wools not so well supported.

A limited offering of Fine Crossbred Fleece and shears ranged from firm to 4 percent dearer.

A small offering of better style Coarse Crossbred Fleece were firm to 2 percent stronger with a higher volume of poorer style fleece up to 1 percent easier. Longer Coarse Shears were 1 percent firmer with shorter shears which made up the bulk of the offering, firm to 2 percent cheaper.

Long First Lambs remained firm with shorter types 1 to 2 percent easier.

Oddments were generally unchanged.

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

Next sale on 24th rostered for 1st result of poor weather restricting shearing.

April comprises approximately 12,550 bales from the South Island. rostered for 1st May in the North Island has been cancelled due to insufficient wool available as a result of poor weather restricting shearing.

Ends

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