Wool Market Steady

Wool Market Steady

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 4,900 bales of South Island wool on offer this week saw an 81 percent clearance with the stronger New Zealand dollar moving some types lower, however, overall the market was generally steady with prices to off shore customers hardly unchanged.

The weighted indicator for the main trading currencies increased by 1.6 percent compared to the last sale on 31st October.

Mr Dawson advises that Merino Fleece 20.5 micron and finer were firm to 2 percent dearer with 21 to 23 micron up to 2 percent cheaper.

Mid Micron 25 to 30.5 micron were firm to 3 percent dearer.

Longer Fine Crossbred Fleece were well sought after, increasing up to 1.5 percent with the short types generally 3 to 4 percent easier.

Crossbred Full Fleece 37 micron and coarser were firm to 1.5 percent firmer, longer shears 1 to 3 percent cheaper with shorter types 2 to 4 percent easier.

Oddments were firm to 1 percent dearer.

Limited competition with China and Western Europe dominating, support by Australasia, India and the Middle East.

Next sale on 14th November comprises approximately 5,900 bales from the North Island.

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