Wool Generally Holds Its Ground

Wool Generally Holds Its Ground

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island auction comprising 20,585 bales saw a 91 percent clearance and a generally firm market except for the previously over pressured Fine Crossbred types which eased slightly.

The weighted indicator for the main trading currencies was down 1.47 percent compared to the last sale on 11th June helping underpin local values.

Mr Dawson advises that Finer Mid Micron Fleece were 3 to 6 percent easier with the coarser types firm to 2 percent dearer.

Fine Crossbred Fleece and Shears which had been under pressure for the Chinese market eased 2 to 6 percent.

Coarse Crossbred Full Fleece were firm in the South Island and ranged from firm to 3.5 percent cheaper in the North. Longer Coarse Shears were 1 to 2.5 percent cheaper with the short types 1 to 2 percent dearer.

First Lambs were 1 to 3 percent easier.

Long Oddments were firm to 3 percent dearer with short oddments ranging between 1 to 7 percent stronger.

The end of season sale was well supported with China, Australasia and the Middle East principals, supported by India, Western Europe and the United Kingdom.

The first sale for the 2015/16 season on 9th July comprises approximately 9,400 bales from the North Island.

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