Wool Market Generally Steady

Wool Market Generally Steady

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 4,700 bales of North Island wool, compared to the more stylish offering of the South Island wools on 23rd April saw mixed price movements with a generally steady market overall.

Despite dramatic currency movements in some sectors week on week, the weighted indicator for the main trading currencies eased only 1.53 percent having limited impact on local prices.

Mr Dawson advises that hand to mouth customer buying activity and limited seasonal wool volumes combined with current exporter shipping requirements, underpins the market presently.

Fine Crossbred Full Fleece and shorter shears were firm to 2.5 percent easier with longer shears up to 2 percent dearer.

Good style full Crossbred Fleece were 1 percent easier, average 1 percent firmer and poor firm to 1 percent cheaper.

Coarse Shears were firm to 2 percent easier with shorter types affected the most.

Long Lambs Fleece were firm to 1 percent dearer, with shorter types 1 to 3 percent cheaper. Long Oddments lifted by up to 3 percent with Good Colour Short Oddments 1 to 2 percent easier and poor styles firm.

Limited activity with China principal, supported by Australasia, India, Middle East and Western Europe.

Next sale on 7th May comprises approximately 6,700 bales from the South Island, down 32 percent on anticipated rostered quantities.

ENDS

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