Wool Eases

Wool Eases

New Zealand Wool Services International Limited’s Marketing Executive, Mr Malcolm Ching reports that the 15,000 bales on offer from both centres this week saw a slight easing for most types. Higher volumes than anticipated, a stronger New Zealand dollar and sluggish overseas interest over the past weeks added to the softer tone.

Despite the easier market, 93 percent sold. The weighted currency indicator lifted 0.83 percent.

Mr Ching advises that compared to the 3rd December sale, Mid Micron Fleece were 2.5 to 4 percent cheaper.

Compared to the North Island sale of 10th December, Fine Crossbred Fleece and Shears were generally 1 to 3 percent cheaper however some specific types resisted this trend.

Coarse Crossbred good colour fleece remained firm with average and poor styles 1 to 2 percent easier.

Crossbred Shears were firm to 2 percent cheaper with good support for the better style shorter wools.

First Lambs eased 1.5 to 3 percent. Oddments received varied support, ranging from firm to 6 percent cheaper.

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

Next sale is on 7th January 2016 comprising approximately 13,000 bales from the North Island.

ENDS

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