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Wool Steady

Wool Steady

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that this week’s auctions held in both centres saw slightly different price movements between them, however overall the local market remained firm.

Of the 16,500 bales on offer, 95.6 percent sold.

The weighted indicator for the main trading currencies eased 1.59 percent compared to the last sale on 7th January and accounted for some of the local price increases.

Mr Dawson advises that more regular volumes available in the North Island resulted in some sectors easing with more restricted flows in the South Island putting pressure across the board.

Fine Crossbred Fleece were firm to 2.5 percent dearer. Long shears ranged from firm to 6 percent dearer. Short shears were firm to 4.5 percent dearer.

Coarse Fleece in the South were firm to 2 percent dearer with the North firm to 1 percent cheaper.

Second Shears in the South were firm to 2 percent dearer and firm to 2 percent cheaper in the North.

Fine First Lambs were firm to 2.5 percent dearer with coarse Lambs firm to 2 percent easier.

Oddments in the South were firm to 3 percent dearer and generally firm to 3 percent easier in the North.

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

Next sale on 21st January comprises approximately 7,600 bales from the North Island.

ENDS

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