The New Zealand fine wool market fell this week after seeing very few fine wools on offer in Christchurch. Sales were held both on the North Island as well as on the South Island. Prices eased compared to previous sales in New Zealand Dollar terms by 1.8% or 5 cents to 277 cents, while a stronger currency pegged values flat at 181 US cents.
This week saw the South Island and North Island offering a combined 13,573 bales, of which, 11,719 were sold registering a clearance rate of 86%.
The selection consisted of 70% ewe and hogget fleece, 32-38 micron, 15% early shorn and hogget second shear, 31-38 micron, 10% oddments and 5% miscellaneous types.
There was keen widespread competition with Australasian carpet mills, India sub-continent and Europe main with limited support from China.
Major buyers were Masurel (3,850), NZWSI/JSB (3,530) and Furhman (1,850) and among others this week.
Prices movements in South Island compare South Island sale of 28 November were as follows:
Fine crossbred fleece, 31-35.5 mic were 2-4% cheaper, crossbred early shorn, 32-35.5 mic 2-3% cheaper. Coarse crossbred fleece of good style 2-4% cheaper, average 2% cheaper and poor in buyers favour. Coarse crossbred early shorn and second shear, 36-39 mic 3/5 1-3% cheaper, ¾ in buyers favour, 2/4 and 2/3 firm. Oddments for clothing of good colour 1-2% dearer, poor colour firm and combing in buyers favour.
Prices movements in North Island compare South Island sale of 28 November were as follows: fine crossbred fleece, 31-35.5 micron 3-4% cheaper, crossbred early shorn, 32-35.5 micron 2-3% cheaper, coarse crossbred fleece of good style 2-4% cheaper, average 2-3% cheaper and poor were firm. Coarse crossbred early shorn and second shear, 36-39 micron 3/5 inch 2-3% cheaper, 3/4 1-2% cheaper, 2/4 2-3% cheaper and 2/3 1-2% cheaper. Oddment for clothing of good colour were 1-3% dearer, poor colour firm and combing 1-2% dearer.
Next sale will be held on 12 December with North Island offering about 6,000 bales.
