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Wool Values Ease

Wool Values Ease

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the North Island offering this week, made up predominantly of short coarse Second Shear wools compared to the more varied South Island longer selection last sale on 4th June, saw prices ease despite the weakening New Zealand dollar.

The weighted indicator for the main trading currencies came back by 1.95 percent with a 98 percent clearance of the 9,400 bales on offer.

Mr Dawson advises when compared to the last North Island sale on 28th May when a comparable selection was offered prices are generally firm to 2.5 percent dearer, however, when compared to the South Island sale on 4th June;

Fine Crossbred Shears ranged from firm to 4 percent easier.

Coarse Crossbred Full Fleece were 1 to 3 percent cheaper, longer shears 3 to 6 percent lower and short shears 1 to 3 percent cheaper.

First Lambs Fleece were firm to 3.5 percent easier.

Short Oddments ranged from 1 to 5 percent cheaper.

Strong competition with China principal supported by Australasia, Western Europe, Middle East and India.

Sale on 18th June has been cancelled due to insufficient wool available, with the next sale on 25th June comprising approximately 6,150 bales from the South Island and 10,800 bales from the North Island.

ENDS

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