Wool Eases

Wool Eases

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the combined North and South Island auction saw most sectors ease with only some targeted types resisting the trend.

The weighted indicator for the main trading currencies was down 0.87 percent compared to the last sale on 8th January however had minimal impact, with general supply/demand pressure being the main influence.

Of the 17,400 bales on offer 71 percent sold however 45 percent was passed in at the South Island sale with many growers not presently prepared to sell their full fleece at current levels. The North Island shorter types sold well with only 11 percent unsold.

Mr Steel advises that a small offering of Mid Micron wools saw the fine end 8 percent cheaper than last time sold with the coarser end 2 to 6 percent dearer.

Fine Crossbred Fleece and Shears were firm to 3 percent cheaper with ongoing Chinese interest underpinning these types.

Coarse Crossbred Fleece was 2 to 4 percent cheaper with a high pass-in rate.

Coarse Second Shears were down 1 to 4 percent with the shorter types least affected.

Fine First Lambs were well supported lifting 1 to 3.5 percent with the coarser types 1 to 3 percent cheaper.

Long Oddments remained firm with short types 1 to 3 percent cheaper in the South and firm to 4 percent dearer in the North Island.

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

Next sale on 22nd January comprises approximately 10,000 bales from the North Island.

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