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Wool Prices Steady
Wool Prices Steady
New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the 4,600 bales of North Island wool on offer at auction this week saw an 83 percent clearance with a generally firm to dearer market except for Lambs Fleece which eased slightly.
The weighted indicator for the main trading currencies was up 0.38 percent compared to the last sale on 24th April, having minimal impact on the market.
Mr Steel advises that longer Fine Crossbred Shears were firm to 3.5 percent dearer with the shorter types 2 to 4 percent easier as recent premium levels ease back. Coarse Crossbred Fleece were firm to 1.5 percent stronger as were the coarse shear types.
First Lambs were 2 to 4 percent cheaper with a high percentage being passed in.
Short Crossbred Oddments were firm to 1.5 percent dearer.
Limited competition with China and Australasia principals, supported by Middle East, India, Western Europe and the United Kingdom.
Next sale on 9th May comprises approximately 9,200 bales from the South Island.
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