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Wool Value Lifts

Wool Value Lifts

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that a weaker New Zealand dollar and steady off shore interest over the past weeks saw most types well supported with increases in excess of the currency impact.

Of the 8,400 bales on offer 98.6 percent sold.

Compared to the last sale on 14th January the weighted indicator for the main trading currencies came down 1.13 percent.

Mr Dawson advises that Fine Crossbred Fleece and Shears increased between 1 and 4.5 percent.

Coarse Crossbred Fleece were 2.5 to 4.5 percent dearer with Second Shears 2 to 5.5 percent stronger.

Fine First Lambs lifted 1.5 to 2.5 percent with coarser lambs rising 1.5 to 3 percent.

Coarse Oddments ranged from 2 to 6 percent dearer.

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

Next sale on 28th January comprises approximately 11,200 bales from the South Island and 8,000 bales from the North Island.

ENDS

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