Currency Moves Wool Market

Currency Moves Wool Market

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 6,100 bales on offer from the North Island this week saw a 99 percent clearance and prices generally lifting by the currency factor compared to the last sale on 24th October.

The weighted indicator for the main trading currencies was down 1.7 percent.

Mr Dawson advises that;

Fine Crossbred Full Fleece 32 to 35 micron were firm to 2 percent dearer, with 3 to 5 inch wools up to 1.5 percent dearer, 3 to 4 inches 2 to 4 percent dearer, 2 to 4 inches 6 to 10 percent dearer and 2 to 3 inches 1 to 2 percent dearer.

Coarse Crossbred Full Fleece lifted 1 to 2 percent with all shears 2 to 3.5 percent firmer.

Long Oddments remained firm with shorter types ranging from firm to 2 percent stronger.

Limited competition with China, Australasia and the Middle East dominating, supported by Western Europe and India.

Next sale on 7th November comprises approximately 4,700 bales from the South Island.

ENDS

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