Wool Holds Steady

Wool Holds Steady

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 7,900 bales of North Island wool on offer this week saw a 68.7 percent clearance with a generally firm to dearer trend.

The weighted indicator for the main trading currencies eased 1.93 percent compared to the last sale on 10th May.

Mr Dawson advises that a nominal offering of Fine Crossbred Fleece was well supported, lifting by 3 to 3.5 percent. Coarse Second Shears remained firm. Lambs Fleece 2/4 inches and longer were firm to 1 percent stronger with the shorter types firm to 1.5 percent easier.

All oddments generally remained firm however direct comparison between the North and South Island types this season is difficult to achieve.

Limited competition with China dominating, supported by Western Europe, Middle East and India.

Next sale on 24th May comprises a reduced quantity of approximately 7,280 bales from the South Island.

ENDS

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