NZWSI Market Report: Wool Sale Steadies

WOOL SALE STEADIES

New Zealand Wool Services International Ltds C.E.O Mr John Dawson reports that the South Island sale of 8565 bales comprising a wide range of wool types saw good support with 78 percent of the offering selling.

A weakening NZ dollar compared to the main trading currencies saw the weighted indicator easing 1.1 percent compared to last week, giving a small amount of support to local prices.

Mr Dawson advises that pressure for quick shipment of orders and the diverse wool types on offer attracted good support, helping underpin the market.

Compared to last time offered at the South Island sale on 22nd September;

Merino Fleece 16 to 19 microns were firm to 1.5 percent cheaper with 20 to 23 microns generally 1.5 percent easier.

Mid Micron fleece 25 microns were 1 percent dearer with 25.5 to 29 microns 1 to 4 percent cheaper.

Compared to the North Island sale on 29th September;

Fine crossbred fleece 32 to 35 microns were firm with early shorn and second shears 3 to 5 and 3 to 4 inches also remaining firm. Shears 2 to 4 inches were 2 to 3.5 percent cheaper with 2 to 3 inches firm to 1 percent cheaper.

Coarse crossbred full fleece were firm for good colour and 1 percent dearer for average colour.

Longer coarse shears were firm with 2 to 4 inches 3.5 to 5.5 percent cheaper and 2 to 3 inches 2.5 percent easier.

Short oddments were 4 to 6 percent cheaper with faulted lines discounted the most.

Next sale on 20th October comprises approximately 5600 bales from the North Island and 8150 bales from the South Island.

© Scoop Media