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Demand Continues Upward Trend
Demand Continues Upward Trend
New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that today’s North Island sale of 6,600 bales continues the upward trend in the market.
We continue to see good clearances at auction with today’s sale seeing a 98 percent sold rate.
Fine Crossbred Fleece and Early Shorn gained 1.5 percent with 33.5 to 36 micron, 3/5 inch realising 2.5 percent above last South Island sale.
31 to 34 micron, 3/4 inch rose to 1.5 to 2.5 percent while 32 to 34 micron, 2/4 inch were 2.5 to 3 percent dearer. 32 to 33 micron, 2/3 inch were 1 percent cheaper.
Combing Oddments were 3 percent dearer while Clothing Oddments were 1 percent dearer.
Wide spread interest with China dominating and supported by Middle East, Western Europe and India.
Next sale on 24th October comprises approximately 7,600 bales from the South Island.
ENDS
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