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New Zealand wool prices firm to dearer

15 Mar '12

1 min read

New Zealand Wool Services International Ltd (WSI) reported that the 7,000 bales of South Island wool on offer this week was firm to dearer aided by a slightly weaker New Zealand dollar compared to the last sale on 8th March.

The weighted indicator for the main trading currencies was down 0.47 percent and 90.1 percent of the offering sold. Fine Crossbred Fleece and Shears were firm to 1 percent dearer. Coarse Crossbred Full Fleece were firm to 1 percent stronger.

Coarse Second Shears were firm to 2 percent dearer. Lambs Fleece 29.5 micron and finer were firm to 2 percent up with the coarser types 1 to 3 percent dearer. Oddments ranged from firm to 3 percent stronger. Well spread competition with China continuing to dominate, supported by Australasia, Western Europe, India and the Middle East.

New Zealand Wool Services International Ltd

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