Wool Market Remains Strong

WOOL MARKET REMAINS STRONG

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that the wool market in both the North and South Island continues to show resilience.

Mr Dawson advised that new business and shipping requirements for older contracts combined to keep all types well supported.

Crossbred Fleece types ranged from 1 percent cheaper to 5 percent dearer across both Islands as did Second Shear and Lamb types.

Good competition prevailed with China, Western Europe and Australasia dominating.

The next sale takes place on the 10th of March in the South Island only. It will consist of approximately 8,000 bales.

ENDS

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