Wool Attracts Mixed Support

Wool Attracts Mixed Support

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that targeted buying saw some types well supported at the North Island auction with others either holding steady or easing slightly.

Of the 5,000 bales on offer 88 percent sold. The weaker New Zealand dollar against most of the traded currencies saw the weighted indicator come down 0.80 percent compared to the last sale on 21st April.

Mr Dawson advises that:

Fine Crossbred Shears were firm to 2 percent easier.

Coarse Crossbred Fleece were firm to 1.5 percent cheaper.

Coarse Crossbred Shears were well supported, ranging from firm to 3 percent dearer with good styles sought after.

Shorter First Lambs were 1 to 3 percent easier with long Lambs firm to 4 percent dearer.

Long Oddments were firm to 1 percent cheaper with short oddments 2 to 5 percent dearer.

Limited competition with Australasia, Western Europe and China principals with support from India, Middle East and United Kingdom.

Next sale on 5th May comprises approximately 4,700 bales from the South Island.

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