Generally Steady Wool Market

Generally Steady Wool Market

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the first South Island sale for the 2013/14 season saw small movements each way, but an overall firm market with an 89 percent clearance of the 8,100 bales on offer.

The weighted indicator for the main trading currencies compared to the last sale on 11th July was practically unchanged, easing by only 0.33 percent.

Mr Steel advises that the Mid Micron Fleece compared to last time sold on 27th June were 1 to 3.5 percent cheaper in line with easing markets elsewhere.

Fine Crossbred Fleece and long shears compared to the sale on 11th July were generally firm. Shorter Shears were firm to 2 percent dearer.

Coarse Crossbred Fleece, where comparable were generally firm to buyers favour. Longer Coarse Shears were up to 2 percent cheaper with shorter types 1 to 2 percent dearer.

Long First Lambs were 5 to 8 percent stronger with shorter types ranging from 1 to 5 percent dearer.

All oddments were 1 to 2 percent easier.

Limited competition with China, Western Europe and the Middle East principal, supported by India, Australasia, United Kingdom and Asia.

Next sale on 25th July comprises approximately 6,800 bales from the North Island and 6,300 bales from the South Island.

ENDS

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