The weighted indicator for the main trading currencies compared to last sale is 0.68 percent up, adding more downward pressure on the local prices. When compared type to type against the North Island sale on 31st May Fine Crossbred Shears 2/4 inch and longer were 2 percent cheaper, however the shorter types resisted the trend remaining firm to 2 percent stronger. Coarse Full Fleece were 1 to 2 percent easier.
Coarse Shears 39 micron and coarser which made up the bulk of the offering, suffered the most with levels ranging from 3 to 8 percent softer. First Lambs also moved in growers favour, remaining firm to 3 percent dearer. Short oddments were generally firm.
Compared to the last South Island sale on 7th June, most movements were comparable except the shears which were comparatively easier against a limited selection. Restricted competition with China, United Kingdom and Western Europe principal supported by India, Middle East and Australasia.
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