Wool Firms

Wool Firms

New Zealand Wool Services International Limited’s General Manager Mr John Dawson reports that this week’s offering of South Island wool comprising 7,900 bales saw a generally stronger market tone with a 77 percent clearance rate.

The weighted indicator for the main trading currencies hardly altered compared to the last sale on 9th February, with it strengthening 0.21 percent.

Mr Dawson advises that the end of season offering of Merino wools saw prices lift 2 to 5 percent compared to the last time sold in New Zealand on 15th December 2011.

Compared to the 9th February sale Fine Crossbred Fleece and Shears were well supported with prices remaining firm to 2.5 percent stronger. Coarse Fleece attracted less attention with the Good and Average styles easing 1 to 2 percent, however the poorer styles lifted by 1 to 2 percent. Coarse Shears 3/5 and 3/4 inches were firm to 2 percent stronger and the 2/4 and shorter types remained steady.

First Lambs increased 1 to 2 percent. Long Oddments were 4 to 7 percent stronger with 2/4 inch oddments also 1.5 to 3 percent dearer. Shorter types eased by 1 to 2 percent.

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

Next sale on 23rd February comprises approximately 17,700 bales from the North Island and 9,950 bales from the South Island.

ENDS

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