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NZWSi Weekly Wool Market Report: Wool Prices Recover
Wool Prices Recover
New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the 15,000 bales of South Island wool on offer this week saw a 82 percent clearance and a generally dearer market overall, fully recovering from the previous weeks’ North Island softer sale on 18th April.
The currency factor had practically no influence this week with the weighted indicator firming only 0.11 percent.
Mr Steel advises that most pressure came on the Chinese types with Fine Crossbred Fleece firming 1 percent and the Shears lifting between 3 and 7 percent.
Average style Coarse Fleece were 3 to 5 percent stronger with poorer styles 1.5 to 4 percent dearer. Coarse Shears were generally 1.5 to 2.5 percent firmer.
Short, fine First Lambs were 1 percent dearer with Coarser types generally 2 to 3.5 percent softer.
Long Oddments lifted up to 5 percent with Short Oddments firm overall.
Limited competition with China principal, supported by Australasia, Western Europe, Middle East, United Kingdom and India.
Next sale on 2nd May comprises approximately 4,900 bales from the North Island, down 34 percent on anticipated roster due to the shorter intake week and recent poorer weather conditions restricting shearing.
ENDS
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