Variable price movements in NZ wool market

09 Feb '12

2 min read

New Zealand Wool Services International Ltd reports that North and South Island auction this week comprising 20,000 bales saw an 81.6 percent clearance with a wider spread of buying activity. The weighted indicator for the main trading currencies was practically unchanged up only 0.08 percent compared to the last sale on 2nd February. Again, there were variable price movements between selling centres with the North Island selection attracting stronger competition, keeping most prices firm.

A nominal offering of Mid Micron wools 28 micron and finer were 1 percent cheaper with the coarser end 28.5 to 31.5 micron firm to 2 percent dearer. Fine Crossbred Fleece in the South ranged from 1.5 to 3.5 percent easier with the same types in the North remaining firm.

The Fine Crossbred Shears in both Islands were firm to 2 percent cheaper. Coarse Crossbred Fleece was firm to 3 percent softer with the South Island selection easing the most. The bulk of the Coarse Shears remained firm apart from the longer and very short types in the South Island which weakened around 2.5 percent.

First Lambs were up 1 percent in the South, however came under considerable pressure in the North, lifting by 5 to 8 percent. Oddments attracted wider interest this week ranging from firm to 8 percent dearer, except the shorter types in the South which eased 1.5 to 4 percent. Wide spread competition with China, Western Europe and Australasia principals, supported by United Kingdom and the Middle East.

New Zealand Wool Services International Ltd