Mixed Wool Market

MIXED WOOL MARKET

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that the North Island auction received mixed support with the stronger New Zealand dollar having a limited impact in some areas.

Of the 6,500 bales on offer 97.5 percent sold.

The weighted indicator for the main trading currencies was up 1.35 percent compared to the last sale on 19th November, accounting for a corresponding local market reduction in some sectors.

Mr Dawson advises that the finer end of the Fine Crossbred Fleece were up to 1.5 percent dearer with the stronger end buyer’s favour.

Fine Crossbred Shears 3 to 5 and 3 to 4 inches were firm to 2.5 percent cheaper with the shorter lengths firm to 2 percent dearer.

Coarse Crossbred Full Fleece were 1.5 percent cheaper with Coarse Shears firm to 2 percent dearer.

Long Oddments remained firm with shorter oddments 3 to 7 percent cheaper.

Lambs Fleece were nominally unchanged.

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

Next sale on 3rd December comprises approximately 5,000 bales from the South Island only with the North Island sale cancelled due to weather affecting shearing.

ENDS

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