NZWSI Market Report: Wool Continues to Ease

WOOL CONTINUES TO EASE

New Zealand Wool Services International Ltds Marketing Executive Mr Malcolm Ching reports that the 7250 bales of North Island wool on offer saw a 72 percent clearance with most types easing further. Some good colour types resisted this trend as buyers continue very focused buying with targeted better style wools getting more support.

The weighted indicator for the main trading currencies was 0.64 percent lower than last week’s sale, having minimal positive impact.

Mr Ching advises that subdued demand and continued uncertainty around new market interest in coming weeks, is restricting buying activity.

Compared to the last similar North Island selection on 10th November;

Good colour fine crossbred fleece were 1 to 2 percent dearer with average/poor styles 3 to 7 percent cheaper. Good colour fine crossbred shears 3 / 5 and 3 / 4 inches were 2.5 to 5.5 percent easier with 2 / 4 and 2 / 3 inches firm to 5 percent dearer. All poorer style fine crossbred shears were 3.5 to 7 percent cheaper.

Good colour coarse crossbred fleece were firm with poorer styles 7 to 8 percent cheaper. Coarse shears 3 / 5 to 2 / 4 inches were 1 to 5 percent cheaper with 2 / 3 inches 1.5 percent dearer.

Short oddments ranged from 7 to 13 percent cheaper.

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

Next sale on 1st December comprises approximately 4550 bales from the South Island.

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