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Wool Market Makes Gains

Wool Market Makes Gains

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that at today’s South Island sale there were market gains of up to 2 percent on the back of recent business concluded mainly with Chinese interests.

A limited Merino offering saw best top making types slightly in buyers favour and poorer styles mixed and irregular.

Mid Micron wools when compared to the last South Island sale on the 28th August generally made small gains. 24.5 and 25 micron were firm, 25.5 to 26.5 and 29 to 30.5 micron were 1 to 2 percent dearer while 27 to 28.5 micron were buyers favour.

Fine Crossbred Fleece quotations also being compared to the last South Island sale were firm to 1 percent dearer.

Coarse Crossbred Fleece when compared to the last South Island sale and of similar wool type remained firm while comparing to the last North Island 37 micron and coarser 4/6 inch and longer were 1.5 to 2 percent dearer

Compared to the last North Island sale held on the 4th September Crossbred Early Shorn and Second Shear 31 micron and coarser 3/5 inch and 3/4 inch fully 1.5 to 2 percent dearer. 35 micron 2/4 inch were 3 percent dearer while 36 micron 2/4 inch were firm.

Crossbred Combing and Clothing Oddments remained firm.

Competition was dominated by Chinese buying interests.

Next sale on the 18th September comprises approximately 7,600 bales from the North Island.

ends

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