Wool Holds Its Ground

Wool Holds It’s Ground

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 10,600 bales of South Island wools on offer this week saw a generally solid market and an 82 percent clearance.

The weighted indicator for the main trading currencies strengthened slightly by 0.14 percent, having no effect on the market.

Mr Dawson advises Merino Fleece prices when compared to last sold on 8th November, 18 Micron and finer eased 3 to 4 percent bringing them to the same market level as their Australian counterparts.

Mid Micron Fleece 26 to 28 micron were firm to 1 percent dearer with 28.5 to 31.5 microns 2 to 5 percent stronger.

Compared to the last sale on 15th November, Fine Crossbred Fleece 32 to 35 Micron were firm to 4 percent dearer. Longer Shears were 2 to 4 percent stronger with shorter types generally firm.

Coarse Crossbred Fleece 36 micron and coarser were firm to 1 percent dearer. Longer Shears were firm to 3 percent stronger with 2 to 4 inch firm and shorter types 1 to 2 percent easier.

Oddments were firm to 3 percent stronger.

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

Next sale on 29th November comprises approximately 8,500 bales from the North Island.

ENDS

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