Wool Market Steady Overall

Wool Market Steady Overall

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that this week’s South Island offering of 8,500 bales saw an 84 percent clearance. Market pressure pushed some prices up while others eased slightly, however overall it was generally a firm sale.

The weighted indicator for the main trading currencies compared to the last sale on 19th February was practically unchanged, easing only 0.21 percent.

Mr Dawson advises that Fine Crossbred Fleece 34 micron and finer were firm to 1.5 percent dearer with 35 microns up to 2 percent easier.

Fine Crossbred shears were firm to 3 percent cheaper reflecting less activity form China as they take their New Year vacations.

Coarse Crossbred Fleece good and average style were firm, with poorer styles 1 percent cheaper. Coarse Shears were firm to 1 percent dearer.

First Lambs 28 micron and finer were 2 percent dearer, 28.5 to 30 micron up to 1.5 percent easier and coarse types firm to 2.5 percent dearer.

Long oddments were up to 2 percent dearer with good colour short oddments 3 to 5 percent cheaper and poorer styles firm to 3 percent easier.

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

Next sale on 5th March comprises approximately 12,600 bales from the North Island and 8,000 bales from the South Island.

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