Wool Types Targeted

Wool Types Targeted

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that targeted buying resulted in price lifts for some types while other less supported types continued to ease.

Of the 10,200 bales on offer from this week’s North Island auction, 89 percent sold

Currency movements played a minor role with the weighted indicator for the main trading currencies coming down 0.26 percent compared to the last sale on 20th March.

Mr Dawson advises that recent sales of the more readily available poorer style wools attracted strong interest and lifted in price with other types generally firm to slightly easier.

A small offering of Fine Crossbred Fleece and Shears were firm to 2 percent dearer.

Coarse Crossbred Full Fleece saw good style firm, average style 1 percent dearer and poor styles 3 to 4.5 percent stronger.

Good and Average style longer shears were firm, with shorter types firm to 3 percent easier. Poor style shears were 2 to 5 percent dearer.

Longer First Lambs Fleece were 2 percent dearer with shorter types 1 to 4 percent cheaper.

Long Oddments were up to 4 percent dearer with good style short oddments firm and poorer styles up to 1.5 percent cheaper.

Limited competition with China, Australasia, India and Western Europe most active, supported by Middle East and United Kingdom.

Next sale on 10th April comprises approximately 13,300 bales from the South Island.

© Scoop Media