Wool Market Steadies

Wool Market Steadies

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the limited offering of 4,200 bales from the South Island on offer this week saw a 58 percent clearance and a generally firmer market.

The weighted indicator for the main trading currencies increased by 0.42 percent.

Mr Dawson advises that a small selection of Mid Micron wools followed other market trends and eased between 4 to 6 percent.

Fine Crossbred Fleece and Shears were firm to sellers favour.

Coarse Crossbred Fleece were firm to 1.5 percent dearer. Coarse Early Shorn were firm with longer shears firm to 1.5 percent stronger and shorter shears firm to 3 percent dearer.

First Lambs and long Crossbred Oddments remained firm with short Oddments generally buyers favour.

Limited activity with many growers reluctant to sell at current levels. Main competition came from China, India and Western Europe, supported by Middle East and Australasia.

Next sale on 16th August comprises approximately 7,500 bales from the North Island and 6,300 bales from the South Island.

ENDS

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