The New Zealand wool market was much stronger when compared to the last sale held in Christchurch. There was a good selection of wools 14 micron through to 22 micron. While there was a significant proportion of hogget wools there were also some excellent adult wools on offer. There was strong competition with a full bench operating across all fine wools with spirited bidding.
This week had 8,166 bales on offer on the South Island, of which, 7,393 bales were sold posting a clearance rate of 90%. The selection consisted of 65% ewe and hogget fleece, 33-38 micron, 12% merinos including carding types, 8% Halfbred & Corriedale fleece and 15% ewe and hogget oddments. Widespread competition with China main and support from Europe, the United Kingdom, India and the Sub-Continent.
Major buyers were Masurel (1,900), NZWSI/JSB (1,235), and Furhman (1,000) among others this week.
Prices movements in South Island compare North Island sale of 7 November were as follows: Fine crossbred fleece 1.5% dearer and fine crossbred early shorn 1.5% dearer. Coarse crossbred fleece of good to poor style were also 1.5% dearer. Coarse crossbred early shorn and second shear types 36-39 microns of good and 36-38 micron of average style 1.5% dearer.
Fine crossbred fleece good style were 1-3% dearer. Fine crossbred second shear were 1-2% dearer and early shorn 1-3% dearer. Coarse crossbred fleece good were firm to 2% dearer, average style 1-2% dearer and poor style nominally firm. Coarse crossbred early shorn and good style 3/5 inch were 2-3% dearer, 3/4 and 2/4 inch firm and 2/3 inch in sellers favour. Crossbred oddments clothing fine were 2-4% dearer while coarser was 1-2% dearer.
Next sale will be held on 21 November in North Island offering about 8,000 bales.
