Wool sales held on 11 July in New Zealand’s North Island, the first final one of the 2018-19 season, saw North Island selling with 10,355 bales on offer with an overall clearance rate of 85%, as against 80% in the previous sale.
Prices edged down both in domestic currency terms as well as in US dollar terms. The coarse crossbred indicator was at 285 cents, down 1.4% or 4 cents, while in US dollar terms it fell 1.6%, or 3 US cents, to 183 US cents.
The selection this week consisted of 73% crossbred second shear and early shorn good colour styles of 35 to 40 micron, with a bulk of 75 mm. There was also 12% crossbred fleece of average colour and 10% clothing oddments of average to inferior colour, with 5% miscellaneous types.
Major buyers were NZWSI/JSB (2,280), Masurel (2,200) and Bloch & Behrens (1,300 bales) this week, among others.
Price movements in North Island compared to North Island on 27 June were as follows: Fine crossbred second shear of 32-36 microns: good styles were 2-4% cheaper and average styles 2-3% cheaper. Fine crossbred early shorn of average styles were 1-2% cheaper. Coarse crossbred fleece: average styles were 2-3% cheaper while poor styles were 2-3% dearer. Coarse crossbred early shorn and second shear types of 37-39 microns: good colour styles were in buyers’ favour, average styles 2% cheaper and poor styles 2% dearer. Crossbred oddments for clothing were 2% cheaper and combing lots were in buyers’ favour.
The next sale will be on 18 July in South Island only, with 12,500 bales on offer.
Source: Wool Services International
