Wool sales held on 1 August in New Zealand’s South Island had 8,596 bales on offer, of which 6,702 bales were sold implying a clearance rate of only 79%, as against 91% in the previous sale in North Island.
Prices were up in domestic currency terms while they moderated in US dollar terms. The coarse crossbred indicator was at 282 NZD cents, up 0.7% or 2 cents, while in US dollar terms it was down 1.6% or 3 US cents at 185 US cents.
The selection consisted of 70% good style crossbred second shear, 14% associated oddments and 6% miscellaneous types.
Major buyers were Masurel (1,730) and NZWSI/JSB (1,360) this week, among others.
Price movements in South Island compared to North Island on 25 July were as follows: Fine crossbred second shear of 32-36 microns: good styles were firm and average styles were 1-2% dearer. Fine crossbred early shorn of good styles were firm and average styles were 3% dearer. Coarse crossbred fleece: super styles were firm, good styles in buyers’ favour, average were 2% cheaper while poor styles were 2-3% dearer. Coarse crossbred early shorn and second shear types of 37-39 microns: good colour styles 2/3 and 2/4 inch were firm, good colour styles 3/4 and 3/5 inch were up 2-3%, and average styles 2% dearer and poor styles were 2-4% dearer. Crossbred oddments for clothing were 2-4% dearer and combing 1-4% dearer.
The next sale will be held on 8 August in North Island with approximately 8,500 bales on offer.
Source: Wool Services International
