Wool Price Relativity Returning

Wool Price Relativity Returning

New Zealand Wool Services International Limited general manager John Dawson reports that this week’s market saw a slightly softer tone with price ranges starting to widen and a 94 per cent clearance rate, with the finer wool segment making up most of the unsold wools.

The weighted indicator for the main trading currencies was down one per cent.

Mr Dawson advised that Merino fleece was generally firm with Mid Micron wools up to 2.5 per cent easier except the 26 to 27.5 microns resisting the trend and increasing by one to five per cent.

Fine Crossbred fleece and shears were one to three per cent softer.

Coarse carpet fleece and shears were firm to two per cent cheaper with the gap between the better style and poorer styles widening as larger volumes of the discoloured types come on the market.

Good colour oddments were firm to three per cent cheaper with the poorer oddments, which are still in strong demand, increasing by 3 to 4%.

Well-spread competition with China, Indian and Australasian principals, supported by the Middle East, United Kingdom and Asia.

Next week’s sale will be on 9 December, offering approximately 8,800 bales of South Island wool and 14,100 bales from the North Island.

New Zealand Wool Services International publishes a detailed weekly report on New Zealand wool auction trends. A summary of this can be viewed at http://www.nzwsi.co.nz . The full report is available by negotiation with the company.

ENDS

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