The New Zealand wool market saw shorter wools become dearer while fleece wools moved in buyers’ favour this week. However, prices remained unchanged at previous week’s level.
This week had 7,169 bales on offer in North Island, of which, 6,653 bales were sold registering a clearance rate of 95%. This week, selection consisted 30% hogget fleece, 31-35 micron, 15% ewe fleece, 36-40 micron, 35% early shorn/hogget second shear, 31-38 micron, 15% associated oddments and 5% miscellaneous types. Widespread competition was with China and Indian buyers with support from Europe and United Kingdom.
Major buyers were NZWSI/JSB (2,530) and Masurel (1,850) among others this week.
Prices movements in North Island compare South North Island sale of 7 November were as follows: Fine crossbred fleece good style firm and fine crossbred second shear firm and early shorn 2-3% dearer. Coarse crossbred fleece of good to poor style were in buyers’ favour while average and poor style 1-2% cheaper. Coarse crossbred early shorn and second shear types 3/5 & ¾ inch in buyers’ favour, and 2/3 & 2/4 inch firm 1-3% dearer. Crossbred oddments clothing fine were firm while coarser was 1-2% cheaper and combing coarser in buyers’ favour.
Next sale will be held on 28 November in South Island offering about 5,500 bales.
