The New Zealand wool market managed to inch up this week, with mixed pricing moving among certain types.
At the North Island sale held on 11 April, the coarse crossbred indicator rose 1 cent (0.3%) to 296 cents, and in US dollar terms stayed flat at US$200 cents.
The total offering was 10,139 bales, with a clearance rate of 86% - against 89% in the previous sales.
Compared with the North Island sale on 28 March, prices moved as follows: Fine crossbred early shorn of 33 to 36 microns – good styles 2-4% dearer, average styles 3-5% dearer, poor styles firm. Coarse crossbred fleece, average styles 1-2% dearer, poor styles buyers’ favour. Coarse crossbred early shorn and second shear types of 37 to 39 microns – good colour firm to 2% dearer, average styles firm, poor styles 2% cheaper. Crossbred oddments – clothing firm, combing firm. Lambs – 28 and 29 microns 2/3 inches 1-3% dearer, 30 to 32 microns 2/3 inches 2-4% dearer, 30 and 31 microns 2/4 inches firm, 31.5 and 32.5 microns 2/4 inches 2% dearer.
Source: Wool Services International
