Market Eases

Market Eases

New Zealand Wool Services International Limited’s Marketing Executive, Mr Malcolm Ching reports that the 8,200 bales on offer from the South Island saw an 81.3 percent clearance with slightly easier levels.

The weighted currency indicator was practically unchanged compared to the last sale on 17th March lifting only 0.17 percent.

Mr Ching advises that the recent high season wool flows have taken pressure off sourcing wool with immediate scouring and greasy shipping requirements well balanced.

Fine Crossbred Fleece and shears were firm to 2.5 percent cheaper.

Coarse Crossbred Fleece were 1 to 4 percent easier with poor styles easing the most.

Coarse Crossbred Shears were firm to 2 percent cheaper.

Fine First Lambs were 1.5 to 3.5 percent cheaper with coarser types 1 to 3 percent cheaper.

Long Oddments remained firm with short oddments dropping 4 to 7 percent.

Limited activity with mainly covering for China and Australasia, supported by the Middle East, Western Europe and India.

Next sale on 31st March comprises approximately 8,100 bales from the North Island.

ENDS

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