INDEPENDENT NEWS

Wool Stable

Published: Thu 2 Jun 2016 02:25 PM
WOOL STABLE
New Zealand Wool Services International Limited’s Marketing Executive, Mr Malcolm Ching advises the South Island offering of 6,700 bales saw an 80 percent clearance with a market dominated by targeted buying with an overall flat market.
The indicator for the main trading currencies strengthened 1.6 percent compared to the previous weeks’ sale in the North Island, having some impact on local levels for types of limited interest or high volumes however even though some types were cheaper, they are still above the North Island levels of last week.
Mr Ching reports that compared to a similar selection and style offering at the last South Island sale on 19th May;
Mid Micron Fleece were 1 to 4 percent easier.
Fine Crossbred Fleece were firm to 3.5 percent dearer.
Longer Fine Crossbred Shears remained firm with shorter types 3 to 4 percent cheaper.
Coarse Full Length Fleece were firm to buyers favour.
Longer Coarse Shears were firm to buyers favour with short shears coming into line with North Island levels, easing 2 to 6 percent.
Short First Lambs were firm to 2 percent dearer with longer lambs generally firm to 3 percent easier.
Short Oddments were firm to 4 percent dearer.
Good competition with Western Europe, Australasia and the Middle East principals, supported by United Kingdom, India and China.
Next sale on 9th June comprises approximately 8,100 bales from the North Island.
ends

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