Wool Jumps

Wool Jumps

New Zealand Wool Services International Limited’s Marketing Executive, Mr Malcolm Ching reports that a weakening New Zealand dollar and steady off-shore buying interest saw all wool types improve for the South Island offering of 9,300 bales with 87 percent selling.

The weighted indicator for the main trading currency came down 1.29 percent compared to the last sale on 3rd September.

Mr Ching advises that compared to the last time sold on 27th August, Merino Fleece 21.5 micron and finer were 5 to 10 percent dearer with 22 to 23.5 microns 1 to 2 percent firmer.

Mid Micron Fleece 24 to 29 micron were firm to 3.5 percent dearer with 29.5 to 31.5 3 to 7 percent stronger.

Compared to 3rd September sale, Fine Crossbred Full Fleece and longer shears were 4 to 6.5 percent dearer with shorter shears 1 to 3 percent firmer.

Coarse Crossbred Full Fleece were 5 to 7 percent stronger, longer shears 3 to 6 percent dearer and shorter shears ranged from 1.5 to 6 percent stronger.

Oddments were firm to 4 percent firmer.

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

Next sale on 17th September comprises approximately 6,000 bales from the North Island.

ENDS

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