Wool Strengthens

Wool Strengthens

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the North Island sale saw prices lift on the back of a weaker New Zealand dollar and steady off-shore interest.

Of the 10,000 bales on offer 97 percent sold. The weighted indicator for the main trading currencies compared to the last sale on 15th January was down 1.63 percent.

Mr Steel advises Fine Crossbred Fleece and shears were 1 to 4 percent dearer.

Coarse Crossbred Fleece were 1 to 3 percent stronger with shears generally firm to 2 percent dearer.

First Lambs finer than 27.5 micron came under strong competition, lifting 7 percent with the balance 1.5 to 2.5 percent stronger.

Long Oddments were 4 to 6 percent dearer with short good colour oddments firm and poorer styles up 4 percent.

Well spread interest with China, India and Australasia dominating, supported by Western Europe, Middle East and the United Kingdom.

Next sale on 29th January comprises approximately 9,000 bales from the North Island and 12,800 bales from the South.

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