Wool Market Generally Steady

Wool Market Generally Steady

New Zealand Wool Services International Limited’s General Manager, John Dawson reports that the market held up fairly well for the last of the larger offerings of this season with 22,700 bales on offer and an 84 percentage clearance.

The weighted indicator for the main trading currencies compared to the last sale on 15th March was practically unchanged, strengthening only 0.06 percent.

The price levels between the North and South Island selling centres reflects the larger volumes coming forward in the North and although prices lifted considerably compared to their last sale on 8th March, the North Island prices are still generally below their counterparts in the South.

Mr Dawson advises that Fine Crossbred Fleece and Shears were firm to 2 percent stronger. Good Colour Crossbred Fleece eased slightly with other styles firm to 3 percent dearer. Longer Coarse Shears ranged from firm to 4 percent stronger, with shorter shears in the South easing 1 to 2 percent and the North offering firm to 4 percent dearer. South Island Lambs were 1 to 2 percent easier with the North Island selection 2 to 5 percent stronger.

Oddments ranged from firm to 3.5 percent dearer with the North Island levels lifting the most.

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

Next sale on 29th March comprises approximately 10,900 bales of South Island wools only.

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