Mixed Market For Wool

Mixed Market For Wool

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the combined North and South Island auctions saw mixed fortunes with finer, stronger and better style wools faring the best.

Of the 13,000 bales on offer 81.1 percent sold.

The weighted indicator for the main trading currencies was 1.01 percent down on the last sale of 11th December however had minimal impact due to its recent volatility.

Mr Steel advises that the fine end of the Mid Micron Fleece were firm to 2 percent dearer with the coarse end 5 to 8 percent cheaper.

Fine Crossbred Full Fleece were 2 to 4 percent cheaper with the fine end shears ranging from firm to 5 percent dearer. The coarser wools in this sector were 2 to 4 percent cheaper with short types 1 to 4 percent easier.

Coarse Crossbred Fleece were 1 to 3.5 percent cheaper with better style and sound fleece performing the best.

Coarse shears were firm to 3.5 percent cheaper.

First Lambs were generally firm to 1.5 percent dearer.

North Island oddments were up to 3 percent cheaper with South Islands 2 to 4 percent dearer.

Well spread competition with China, India and Western Europe principal supported by Australasia and the Middle East.

Next sale on 8th January comprises approximately 13,200 bales from the North Island.

ends

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