Wool Firms

Wool Firms

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island auction offering 14,000 bales saw a generally strong market with 96 percent clearance.

The weighted indicator for the main trading currencies lifted 0.43 percent compared to the last sale on 4th February having minimal impact on the market.

Mr Dawson advises that steady sales and quick shipment requirements are continuing to keep pressure on local price levels.

Mid Micron Fleece finer than 26 microns eased between 2 and 4 percent, however the 27 to 30 micron wools were 1 to 2 percent dearer compared to when last sold. Fine Crossbred full fleece were firm to 3.5 percent dearer with shears ranging from firm to 5 percent dearer for targeted types.

Coarse full length fleece were firm to 4 percent dearer with the poor styles gaining the most. Coarse shears were firm to 2 percent dearer.

Lambs fleece were generally firm to 2 percent dearer except the fine end in the North which eased slightly.

Oddments were firm to 4 percent dearer.

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

Next sale on 19th February comprises approximately 7,750 bales from the North Island and 6,400 bales from the South Island.

ends

© Scoop Media