INDEPENDENT NEWS

Wool Stays Steady

Published: Thu 10 Mar 2016 02:10 PM
Wool Stays Steady
New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that the South Island offering of 7,800 bales saw good competition with 88 percent selling.
The weighted currency indicator came down 0.98 percent compared to the last sale on 3rd March, however the US dollar was practically unchanged with the NZ Dollar softening against the Euro, Stirling and Australian currencies.
Mr Dawson advises that Fine Crossbred Fleece and Shears were generally firm to slightly dearer.
Coarse Fleece and Shears were also firm to 1.5 percent stronger.
First Lambs eased between 1 and 3 percent as more coarser types come onto the market.
Long Oddments were firm with good colour short oddments 3 to 6 percent dearer.
Well spread interest with Australasia and China principals, supported by Western Europe, Middle East, India and the United Kingdom.
Next sale on 17th March comprises approximately 11,400 bales from the North Island and 6,800 bales from the South Island. This is the last double selling centre sale for the season.
ENDS

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