Wool Lifts

Wool Lifts

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that a slightly easier New Zealand dollar and limited wool volumes combined with steadier enquiry, saw most categories well supported.

Of the 5,700 bales on offer, 92 percent sold.

The weighted indicator for the main trading currencies compared to last sale weakened 0.94 percent, helping underpin local prices.

Mr Dawson advises that compared to the sale on 5th November, Merino Fleece were generally firm to 2 percent dearer. Mid Micron Fleece were firm to 3 percent dearer.

Compared to the 12th November sale, Fine Crossbred Fleece were 1 to 4 percent dearer, longer shears firm to 4 percent dearer and shorter types firm to 2.5 percent easier.

Coarse Crossbred Full Fleece were up to 1.5 percent dearer.

Long Coarse Shears and very short shears eased 1.5 percent with 3 to 4 and 2 to 4 inch shears firm to 1.5 percent firmer.

Oddments were 3 to 6 percent dearer.

Good competition with China principals, supported by Western Europe and Australasia with limited interest from elsewhere.

Next sale on 26th November comprises approximately 5,900 bales from the North Island.

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