Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
Good clearances were seen with a 98% sold rate.
Fine crossbred fleece and early shorn gained 1.5% with 33.5 to 36 micron, 3/5 inch realising 2.5% above last South Island sale.
Thirty one to 34 micron, 3/4 inch rose to 1.5 to 2.5%, while 32 to 34 micron, 2/4 inch were 2.5 to 3% dearer. Thirty two to 33 micron, 2/3 inch were 1% cheaper.
Combing oddments were 3% dearer while clothing oddments were 1% dearer.
There was widespread interest with China dominating and supported by Middle East, Western Europe and India. The next sale on October 24 comprises about 7,600 bales from the South Island.
