Market Eases

Market Eases

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 13,200 bales of North Island wool on offer at the first auction for 2015 saw a softer market for most types.

The weighted indicator for the main trading currencies compared to the last sale on 18th December 2014 was 2.16 percent firmer with some components up 4 to 5 percent. The stronger New Zealand dollar and seasonal higher wool volumes combined to ease the market with 90 percent of the offering selling.

Mr Dawson advises that Fine Crossbred Fleece were 2 to 3 percent cheaper. Fine Crossbred Shears ranged from firm to 3.5 percent easier. Coarse good colour fleece was up to 3.5 percent cheaper with poorer styles Buyers Favour.

Coarse Shears were 1 to 3.5 percent cheaper. Early season First Lambs Fleece remained firm.

Long Crossbred Oddments were 2 percent cheaper with short oddments down 1 to 3 percent.

Main support came from China, India and the Middle East with support from Australasia, United Kingdom and Western Europe.

Next sale on 15th January comprises approximately 8,400 bales from the North Island and 9,300 bales from the South Island.

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