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Market Consolidates

Market Consolidates

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that at today’s South Island Wool sale prices consolidated on the back of continuing short falls of volumes coming forward onto the market.

The South Island auction this week comprised 7,700 bales of which 83 percent sold. The offering consisted of Coarse Crossbred Fleece and Second Shear body wools along with a small Merino and Mid Micron wools which made up most of the passed in component.

Compared to the South Island sale on the 21st August Mid Micron Fleece 24 and 24.5 micron were 4 percent cheaper, 25 to 26.5 micron were 1 percent dearer, 27 to 28 micron, firm and 28.5 to 30.5 micron declined 2 to 3 percent.

Fine Crossbred Fleece and Early Shorn and Second Shear 33 to 35 micron were 1 to 2.5 percent dearer.

Coarse Crossbred Fleece 36 and 37 micron were 2 percent dearer and 38 micron was 1 percent dearer.

Combing and Carding Oddments remained Firm.

Next sale on 4th September comprises approximately 7,500 bales from the North Island.

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