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Wool Eases Further

WOOL EASES FURTHER

New Zealand Wool Services International ltd’s Marketing Executive Mr Malcolm Ching, reports that the North Island offering of 7900bales eased across the board with 74 percent selling. The weighted indicator for the main trading currencies was up 0.94 percent compared to last week’s auction, however continuing subdued interest undermined the local market levels.

Mr Ching reports that compared to the last similar selection offered in the North Island on 15th September;

Fine crossbred fleece and shears were 1 to 4 percent easier.

Good colour coarse crossbred fleece were 1 percent cheaper, average styles 2 to 3 percent cheaper with poor style 2 to 4 percent cheaper.

Coarse shears were 2 to 4 percent easier and short oddments down 6 to 8 percent, particularly poor styles and faulted lines.

Where comparable to last week’s South Island sale, prices eased by similar amounts.

Limited activity with targeted buying. Australasia, China, Western Europe principals, supported sparingly by Middle East, India and the United Kingdom.

Next sale on 6th October comprises approximately 8200 bales from the South Island.


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