North Island Levels Generally Steady

North Island Levels Generally Steady

New Zealand Wool Services International Ltd’s CEO, Mr John Dawson reports that aligned to the last comparative offering of North Island wools on 12th May, there were minimal changes except for the high volume of short second shears which eased slightly.

Of the 8,600 bales on offer 88 percent sold. The weighted indicator for the main trading currencies was down 0.47 percent week on week, having minimal impact.

Mr Dawson advised that the listed volumes of fine crossbred longer shears were 1 to 2 percent dearer with the shorter types firm to 2 percent easier.

Coarse crossbred fleece were firm to 2.5 percent dearer. Longer coarse shears were firm to 2 percent firmer with the high volumes of short shears on offer 1 to 2 percent easier.

Fine first lambs were firm to 3 percent dearer with coarse lambs 3 to 4 percent cheaper.

Oddments were firm to 5 percent easier.

There are now quite disparate price levels between the limited type selection and styles in the North Island and the more varied offering from the South Island making direct comparisons difficult.

Good competition with Australasia, Western Europe and United Kingdom principal, supported by Middle East, India and China.

Next sale on 2nd June comprises approximately 6,500 bales from the South Island.

ENDS

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