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Wool Market Remains Strong
Wool Market Remains Strong
New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that today’s North Island wool sale of 6,800 bales saw a clearance of 96 percent. This high sale rate was achieved even allowing for a gain by the New Zealand dollar of over 1.5 percent while the sale was in progress.
A limited offering of Fine Crossbred Fleece was 1 percent dearer while Coarse Crossbred Fleece of average colour remained firm. Average/poor colour was 2 percent dearer.
Fine Crossbred Early Shorn and Second Shear were overall 1 percent dearer.
Coarse Crossbred Early Shorn and Second Shear 37 and 38 micron 3 to 5 inch was 1 percent dearer whilst 39 micron remained firm. 37 micron and Coarser 3 to 4 inch and shorter was 1 to 2 percent cheaper.
Strong competition with China and Western Europe principals, supported by the United Kingdom and India.
Next sale on 18th July comprises approximately 8,100 bales from the South Island.
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