The New Zealand wool market saw sales taking place on the North Island, with only 5,200 bales on offer. The selection consisted of predominantly hogget fleece and shears, 32-35 micron, good colour, some crossbred fleece and shears 36 micron and coarser, good and good to average colour. Again widespread competition with China main and support from Europe, United Kingdom, India and the subcontinent.
Prices movements in South Island compare previous sale of 24 October were as follows:
Hogget fleece, 32-35 micron were up to 2% dearer while 36 micron and coarser good colour were in sellers’ favour. Good/average colour were firm and second shears hogget shears in sellers’ favour. Crossbred shears were very firm while oddments of all descriptions were 2% dearer.
Next sale will be held on 14 November in South Island offering about 8,200 bales.
