INDEPENDENT NEWS

Wool Market Firm

Published: Thu 4 Aug 2016 02:00 PM
WOOL MARKET FIRM
The South Island auction comprising 4900 bales had a 74 percent clearance with most types remaining stable.
The weighted indicator for the main trading currency’s lifted 0.31 percent week on week, having minimal impact.
The spread of types available and targeted purchasing on a limited offering, helped stabilise the market in most areas.
Compared to the last sale on 28th July, Mid Micron fleece 25 to 31 microns were firm to 3.5 percent dearer.
Fine Crossbred fleece and shears were firm.
Good and Average style coarse full fleece remained firm with poor styles easing up to 2.5 percent. Longer coarse shears were firm with shorter types firm to 2 percent easier.
Short oddments remained unchanged.
Good competition with Western Europe and Australasia principals, supported by Middle East, United Kingdom, India and China.
Next sale on 11th August comprises approximately 8800 bales from the North Island.
ends

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