South Island Wool Prices Firmer

South Island Wool Prices Firmer

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the wider range of types on offer at this week’s South Island sale compared to the last sale in the North Island on 13th November saw a better spread of buying interest.

Of the 7,400 bales on offer 77 percent sold with some sellers still not prepared to accept current levels.

The weighted indicator for the main trading currencies only eased 0.29 percent compared to last week, having minimal impact.

Mr Dawson advises that in line with other markets, the small offering of Merino Fleece were 4 percent cheaper. Mid Micron Fleece fared better ranging from 1 to 6 percent dearer.

Fine Crossbred Fleece and Shears were 1 to 2.5 percent firmer. Full Coarse Fleece were 2 to 3 percent dearer with 3/5 inches up to 2 percent dearer, 3/4 inches firm to 2 percent cheaper, 2/4 inches firm and 2/3 inches 2 percent dearer.

Short Oddments were generally firm to 2 percent dearer.

Main competition came from China, Australasia and India, supported by Western Europe and the Middle East.

Next sale on 27th November comprises approximately 5,900 bales from the North Island.

© Scoop Media