Wool generally steady
A versatile and stylish South Island selection on offer this week saw most types well supported, despite a slightly firmer NZ dollar, says NZ Wool Services International's chief executive John Dawson.
Market pressure pushed some prices up while others eased slightly, however overall it was generally a firm sale.
The weighted indicator for the main trading currencies compared to the last sale on 19th February was practically unchanged, easing only 0.21%.
Dawson says that Fine crossbred fleece 34 micron and finer were firm to 1.5% dearer with 35 microns up to 2% easier.
Fine crossbred shears were firm to 3% cheaper reflecting less activity from China as they take their New Year vacations.
Coarse crossbred fleece good and average styles were firm, with poorer styles 1% cheaper. Coarse shears were firm to 1% dearer.
First lambs 28 micron and finer were 2% dearer, 28.5 to 30 micron up to 1.5 % easier and coarse types firm to 2.5 % dearer.
Long oddments were up to 2% dearer with good colour short oddments 3 to 5 % cheaper and poorer styles firm to 3% easier.
Limited competition with Australasia, India and the Middle East principals supported by China and Western Europe.
Next sale on 5th March comprises approximately 12,600 bales from the North Island and 8,000 bales from the South Island.
