Prices of Fine Crossbred Fleece up in New Zealand

11 Oct '12

2 min read

New Zealand Wool Services International Ltd reported that a full cross section of wool types from the 12,800 bales on offer attracted solid interest with 79 percent selling. The weighted indicator for the main trading currencies hardly moved compared to the last sale on 11th October, easing by 0.26 percent.

Compared to the last time sold in the South Island on 27th September, Merino Fleece finer than 19.5 micron were firm to 2.5 percent dearer with 20 to 24.0 micron 2 to 4 percent stronger.

Mid Micron Fleece 25 to 27 micron were 4 percent stronger and 28 to 31.5 micron 2 percent dearer. Compared to the last sale in the North Island on 4th October, Fine Crossbred Fleece were up to 5 percent dearer. Fine Crossbred Shears 3/5 to 2/4 inches were 4 to 5 percent stronger with 2/3 inch wools buyers’ favour.

Coarse Crossbred Fleece were firm to 2 percent dearer. Coarse Crossbred Shears 3/5 inches remained firm with ¾ and 2/4 1.5 to 4 percent stronger. The 2/3 inch shears were 1 percent easier. Crossbred Oddments were generally up to 5 percent stronger. Well spread competition with China, India and Western Europe principals, supported by United Kingdom, Middle East and Australasia.

New Zealand Wool Services International Ltd