INDEPENDENT NEWS

NZWSI Weekly Wool Market Report

Published: Thu 17 Mar 2016 04:12 PM
Wool Steady
New Zealand Wool Services International Limited’s Marketing Executive, Mr Malcolm Ching reports that the combined North and South offering of 18,700 bales saw little price movement compared to their previous auctions with 91 percent selling.
Compared to the last sale on 10th March the weighted indicator for the main trading currencies strengthened 0.80 percent, having minimal impact in limited areas.
Mr Ching advises Fine Crossbred Fleece and longer shears were firm to 2.5 percent dearer with short types firm to 1 percent cheaper.
Coarse Crossbred Full Fleece were generally firm. Longer Coarse Shears in the South were up to 1 percent easier. The less stylish North Island comparative shears were firm to 3.5 percent cheaper.
Fine First Lambs ranged from firm to 4 percent cheaper with coarser lambs benefiting from renewed Chinese interest, generally firm to 1.5 percent dearer.
Long Oddments were 1 percent cheaper to 2 percent dearer. Short Oddments were slightly easier in the South and between 1.5 and 4 percent dearer in the North.
Good competition with China and Australasia dominating, supported by Middle East, India, Western Europe and the United Kingdom.
Next sale on WEDNESDAY 23RD MARCH due to Easter vacations comprises approximately 7,900 bales from the South Island.
ENDS

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