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First lambs wool price up by 2%
Mar '12
New Zealand Wool Services International Ltd (WSI) reported combined North and South Island Wool auction comprising 26,000 bales saw a firm to dearer market with a 90.3 percentage clearance.

The weighted indicator for the main trading currencies compared to the last sale on 1st March dropped by 1.86 percent, under pinning prices for one of the season's largest single day offerings. Fine Crossbred Fleece and Shears ranged from firm to 5 percent dearer, supported by steady Chinese interest. Coarse Crossbred Fleece was 1 to 3 percent stronger with Coarse Shears firm to 3 percent dearer.

First Lambs were firm to 2 percent dearer, except some of the shorter types in the South Island which eased up to 1 percent. Oddments ranged from firm to 4 percent stronger. Good competition with China, Australasia and Middle East principal buyers, supported by Western Europe, United Kingdom and India.

New Zealand Wool Services International Ltd

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