The New Zealand wool market declined this week with most types seeing price decreases.
At the North Island sale held on 6 December, the Coarse Crossbred Indicator fell by 5 cents (1.7%) to close at 284 cents, and in US dollar terms lost 3 cents (1.6%) to finish on 196 US cents.
The New Zealand dollar strengthened by 0.15% against the US dollar compared with last week, finishing at 68.90 US cents.
The total offering was 7,641 bales, with a clearance rate of 93%.
Compared with the South Island sale on 29 November, prices moved as follows: Fine crossbred fleece of 33.5 microns and finer – nominally 2% cheaper. Fine crossbred early shorn of 34 microns and finer – buyers favour. Coarse crossbred fleece of 36-39 microns – good styles 1-3% cheaper, average styles 1-2% cheaper, poorer styles 1-2% cheaper. Among the coarse crossbred early shorn and second shear types of 36-39 microns, 3/5 inch were 1-2% cheaper, 3/4 inch 1-2% cheaper, 2/4 inch 1-2% cheaper, and 2/3 inch buyers favour. Crossbred oddments – good style – 1-3% dearer, poor style – 2-3% dearer.
Source: Wool Services International
