The New Zealand wool market was subdued in tandem with Australia and against a 2% depreciation of the Rand against the US Dollar and a 1.8% depreciation against the Euro.
North Island had sale this week with 7,995 bales on offer, of which, 6,735 bales were sold clocking a clearance rate of 86%. The selection consisted of 42% fine crossbred early shorn and second shear, 22% coarse crossbred early shorn and second shear, 13% crossbred oddments and remaining fine and coarse crossbred fleece, first and second lambs and miscellaneous types.
Major buyers were NZWSI/JSB (2,320), Masurel (1,620) and Furhman (1,230) among others this week.
Prices movements on the North Island compared to the North Island sale of 19 September were as follows: Fine crossbred good style fleece 2% dearer while fine crossbred second shear good style 2-32% cheaper, and early shorn firm. Coarse crossbred fleece of good style were firm, average 1-2% cheaper and Poor styles firm. Coarse crossbred early shorn and second shear types of Good (3/5 inch) in buyers’ favour, (3/4 &2/4 inch) firm and 2/3 in buyers’ favour. Crossbred oddments for clothing were 1-2% cheaper and for combing were 2% cheaper.
The next sale will be held on 10 October in South Island with approximate 10,500 bales on offer.
Source: Wool Services International
