South Island Wool Sale Firms

South Island Wool Sale Firms

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that apart from Lambs Fleece, the market lifted generally 1 to 4 percent compared to the sale on 18th February.

Of the 8,600 bales on offer 89 percent sold.

The weighted currency indicator firmed 0.61 percent having little impact.

Mr Dawson advises that emerging new business and shipping requirements for older contracts combined to lift the market for the selection of mainly good style wools.

Fine Crossbred Full Fleece were 2 to 4 percent dearer with Fine Shears firm to 3 percent stronger.

Full length Coarse Fleece were 2 to 3.5 percent dearer. Coarse Shears were firm to 3.5 percent stronger.

First Lambs were 1 to 4.5 percent cheaper

Good colour oddments were strongly supported, lifting 3 to 8 percent.

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

Next sale on 3td March comprises approximately 11.200 bales from the North Island and 7,200 bales from the South Island.

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