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Wool Eases Slightly

Wool Eases Slightly

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that the combined North and South Island wool auctions saw targeted buying with some categories firm to slightly dearer and others marginally easier.

Of the 19,800 bales on offer 93.7 percent sold.

The weighted indicator for the main trading currencies remained similar to the last sale on 21th January, softening by 0.23 percent.

Mr Dawson advises that a nominal offering of Mid Micron Fleece were 1 to 3 percent cheaper. Fine Crossbred Fleece in the South were firm to 5 percent dearer and in the North firm to 2 percent cheaper.

Fine Crossbred Shears in both centres were generally firm to 3 percent cheaper with some targeted buying making the odd type 1.5 percent firmer.

Full Length Coarse Fleece were generally firm to 2 percent cheaper except Average/Poor styles in the South which were up to 2 percent dearer.

Coarse Shears were firm to 2 percent easier.

First Lambs were 1 to 2 percent cheaper.

Long Coarse Oddments were 1 to 4 percent softer with good colour oddments 3 to 7 percent dearer and poorer styles slightly cheaper.

Well spread competition with China dominating, supported by Western Europe, Australasia, Middle East and India.

Next sale on Thursday 4th February comprises approximately 7,100 bales in the North Island and 5,500 bales in the South Island.

ENDS

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