Wool Prices Continue Firming

Wool Prices Continue Firming

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island auction offering of 24,400 bales saw a 91 percent clearance and a firm to dearer market across the board.

The weighted indicator for the main trading currencies was practically unchanged compared to the last sale on 28th February, firming by 0.23 percent.

Mr Dawson advises that the Fine Crossbred Fleece was generally slightly dearer with the shear types firm to 2 percent stronger.

Coarse Crossbred Fleece were firm to 6 percent stronger with the average and better style wools lifting the most. The Coarse Shears were firm to 3 percent stronger.

First Lambs were also firm to 3 percent dearer.

Oddments were 1.5 to 7 percent stronger with North Island wools gaining the most.

Limited competition with China dominating, supported by Australasia, Western Europe, India, Middle East and United Kingdom.

Next sale on 14th March comprises approximately 9,500 bales from the South Island.

ENDS

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