The New Zealand fine wool market saw only North Island sale offering 5,800 bales. The overall clearance rate was 94%.
The selection consisted of 30% EWE and hogget fleece of 32-38 micron, 45% early shorn and hogget second shear of 31-38 micron, 7% lambs fleece, 15% associated oddments and 3% miscellaneous types.
There was keen widespread competition with Australasian carpet mills, India sub-continent and Europe main again with limited support from China.
Prices movements in North Island were as follows: Fleece wools crossbred EWE and hogget fleece were firm, second shears 75/100 mm, and shorter were generally buyers’ favour. Lambs early season were 5% dearer while combing oddments were firm. Clothing oddments buyers’ favour.
Next auction will see North Island offering 7,500 bales and South Island offering 6,500 bales on 19 December.
