Wool Market Firm

New Zealand Wool Services International Ltd’s General Manager Mr John Dawson reports that this week’s North Island wool offering remained reasonably stable.

Of the 8,500 bales on offer 90 percent sold.

The weighted currency indicator eased back 1.06 percent compared to the last sale on 17th July, having a varied impact.

Mr Dawson advises, full length coarse fleece were firm to 2 percent dearer. Coarse shears, which made up 55 percent of the offering, were firm to 2 percent cheaper. Fine crossbred shears were firm to 4 percent easier. Long oddments were firm to 3 percent dearer with short oddments firm.

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

Next sale on 31st July comprises approximately 9,600 bales from the South Island.

ends