Friday, 24 January 2014 09:22

Wool still winning

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THE COMBINED NORTH and South Island wool auction of 15,100 bales saw an overall firming trend with a 90.7% clearance, says NZ Wool Services International Ltd's general manager, John Dawson.

The weighted currency indicator hardly altered, easing 0.25%, having minimal impact.
Dawson says there were some price variations between selling centres reflecting localised covering requirements with the main driver continuing to be limited supply and firming enquiry.

Compared to the January 16 sales; mid micron fleece 25 to 30.5 micron were firm to 2% dearer.

Fine crossbred full fleece 32 to 35 micron were firm to slightly dearer in the South and slightly easier in the north. Fine crossbred shears were firm to 3% dearer. Coarse crossbred fleece were generally firm to 2% stronger. Coarse second shears were firm to 3% dearer.

First Lambs were 1 to 4% firmer except the finer types in the North which eased slightly. Long oddments were firm to 8% dearer with short types 3 to 6% stronger.

Interest was wider, mainly from China, Australasia, India and Western Europe, supported by United Kingdom and the Middle East.
The next sale on comprises about 8,300 bales from the North Island and 7,200 bales from the South Island.

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