Wool Market Continues to Rise

Wool Market Continues to Rise

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the underlying demand and a supply shortfall helped to increase wool prices at today’s South Island offering of 7,500 bales. This was on an 88 percent clearance.

The weighted indicator for the main trading currencies easing today by 1 percent compared to the last sale on the 17th October.

When compared to the South Island sale on 10th October Merino Fleece 17.5, 20 and 20.5 micron were 1 to 1.5 percent cheaper. 18 to 19.5 micron were firm to sellers favour and 21 to 22 micron were 3 to 5 percent cheaper.

Mid Micron Fleece 25 and 25.5 micron were 1 to 2 percent cheaper, 26 and 27 micron were firm, 27.5 to 28 micron were 2.5 percent dearer and 29 micron, 9 percent dearer.

Compared to North Island on 17th October Fine Crossbred Fleece 32 to 36 micron were 5 to 6 percent dearer.

Fine Crossbred Early Shorn and Second Shear 31 to 33.5 micron, 3 to 5 inch and 3 to 4 inch were 5 percent dearer. 34 to 36 micron, 3 to 5 inch and 3 to 4 inch were 3.5 to 4 percent dearer.

Coarse Crossbred Fleece 37 to 39 micron, 4 to 6 inch were 4.5 percent dearer.

Coarse Crossbred Early Shorn and Second Shear 3 to 5 inch, 3 percent dearer and 3 to 4 inch were 5 percent dearer.

Next sale on 31st October comprises approximately 5,500 bales from the North Island.

ENDS

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