Wool Market Firms

Wool Market Firms

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the North Island offering this week saw a slightly dearer market compared to the last North Island auction, aided by a softer New Zealand dollar. Of the 7,900 bales on offer 93 percent sold.

The weighted indicator for the main trading currencies compared week on week was down 1.47 percent.

Mr Dawson advises that prices for most types between selling centres are now becoming more comparable as seasonal volumes start to reduce.

Compared to the last North Island auction on 19th March, Fine Crossbred Full Fleece were 1 percent dearer with short wools 2 to 4 percent dearer, bringing this sector closer to the previous week’s South Island auction levels.

Full length Coarse Crossbred Fleece were 1 percent firmer with longer shears 1 to 2 percent dearer and shorter shears firm.

Lambs Fleece 30 micron and finer were firm to 1.5 percent cheaper with coarser types firm.

Long Oddments improved 3 to 5 percent with good colour short oddments lifting 6 to 8 percent as are now in short supply, with poor styles 1.5 percent dearer.

Limited competition with China and Australasia principals, supported by India, Middle East and Western Europe.

Next sale on 9th April comprises approximately 11,000 bales from the South Island.

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