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South Island Wool Market Lifts

South Island Wool Market Lifts

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that a slightly easier New Zealand dollar, limited wool supply and steady shipping demand combined to lift prices across the board at the South Island sale.

Recent poor weather has restricted shearing, creating a seasonal shortfall with the next South Island sale on 19th June now cancelled.

Of the 6,640 bales on offer 91 percent sold with some growers holding out for higher price levels.

The weighted indicator for the main trading currencies compared to the last sale on 29th down 0.7 percent.

Mr Dawson advises that:

Fine Crossbred Fleece and Shears were 3 to 5 percent dearer. Coarse Crossbred Fleece and shears were generally 3 to 4.5 percent dearer with shorter shears up to 6 percent stronger.

Lambs Fleece were 2 to 4 percent dearer. Good style short oddments were up 3 to 5 percent with poor styles 6 to 9 percent stronger.

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

Next sale on 12th June comprises approximately 9,300 bales from the North Island, down 20 percent on anticipated rostered volumes.

ends

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