Wool sales held on 30 May in New Zealand’s South Island saw prices gain both in domestic currency terms as well as in US dollar terms. The coarse crossbred indicator was at 291 NZD cents, up 1%, while in US dollar terms it was up 1.6% at 190 US cents.
The total offering was smaller at 9,943 bales (down 14%) with a clearance rate of 72%, as against 74% in the previous sales.
Major buyers were Fuhrmann (1,900), Masurel (1,320), Charguers (1,230) and NZWSI/JSB (1,000) this week, among others.
Compared with the previous sale on 23 May, price movements were as follows in South Island: Fine crossbred early shorn of 32-36 microns: good styles were 2-3% dearer, average were 2% dearer and poor were 2% cheaper. Among the coarse crossbred fleece, average styles were 2% dearer and poor styles in sellers’ favour. Coarse crossbred early shorn and second shear types of 37-39 microns: good colour styles were 2-3% dearer, average styles 2-4% dearer, and poor styles in sellers’ favour. Crossbred oddments for clothing were 2.4% dearer, while combing were 3% dearer. As for Lambs – 30 micron and finer were in buyers’ favour, while 30 microns and coarser were 2-3% cheaper.
Source: Wool Services International
