Firmer prices for better wools
The 5100 bales of South Island wools on offer this week through the Wool Services International auction saw strong competition and a 90.5% clearance.
A stronger New Zealand dollar, limited wool availability and renewed client interest contributed, says WSI marketing executive, Paul Steel reports.
Of the 18,100 bales on offer, 93% sold. Compared to the last sale on January 9, the weighted indicator for the main currencies increased by 0.81%.
Compared to last time sold on December 19, mid micron fleece 27 to 28.5 microns were slightly easier by 1 to 2.5% with 29 to 31 microns 2 to 4.5% stronger.
Compared to the January 9 sale, fine crossbred fleece and shears 31.5 to 35 microns ranged from 1 to 5% dearer.
Coarse crossbred fleece 36 micron and coarser were 1 to 5% dearer with the average styles increasing the most.
Coarse second shears were 1 to 3% firmer. First lambs 27 to 31 microns were firm to 7% dearer with the finer types increasing the most.
Combing oddments eased by 2 to 4 percent with short types slightly easier in the South but up to 3% dearer in the north.
Strong competition with China, Australasia and Western Europe the principals, was supported by India, Middle East and United Kingdom.
The next sale on January 23 comprises about 8,200 bales from the North Island and 6,000 bales from the South Island.
