Wool sales held on 13 June 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 287 cents, up 1.1%, while in US dollar terms it inched up 0.1% to 189 US cents.
The total offering was much smaller at just 7,688 bales (down 21%) with a clearance rate of 80%, as against 83% in the previous sales.
Major buyers were NZWSI (1,300) and Masurel (1,170) this week, among others.
Prices movements in South Island compared to North Island on 6 June were as follows: Fine crossbred second shear of 32-36 microns – good styles were 2% dearer and average styles 2-3% dearer. Fine crossbred early shorn of average styles were firm. Coarse crossbred fleece – average styles were 2% dearer while poor styles were 1% dearer. Coarse crossbred early shorn and second shear types of 37-39 microns – good colour lots were 3-4% dearer, average styles 2-4% dearer and poor styles 2% dearer. Crossbred oddments for clothing were 2-3% dearer and combing 3% dearer.
Source: Wool Services International
