The New Zealand wool market rallied in tandem with Australia, seeing large increases across the board from 16 micron through to 23 micron. There was a four-day selling gap between Australia and the last sale in New Zealand, and the dramatic increases reflected the market movements seen in the Australian market.
South Island had sales this week with 8,543 bales on offer, of which, 7,526 bales were sold posting a clearance rate of 88%. The selection consisted of 50% good/average style fleece and hoggets 32-38 micron, 10% very good style halfbred fleece 23-30 micron, 8% super style merino fleece 17-22 micron, 10% crossbred super style second shear/hogget shear 32-38 micron. Also available were 10% associated oddments and 12% miscellaneous types. Widespread competition with most sectors operating.
Major buyers were Masurel (2,200) and NZWSI/JSB (1,200) this week among others.
Prices movements in South Island compare to South Island sale of 12 September were as follows: Fine crossbred good style fleece 2-4% dearer while second shear and early shorn good style of 34-35 microns (3/5 & 3/4 inch) 2% dearer, 36 microns (3/5 & 3/4 inch) 1.5% dearer while 34-36 (2/4 inch) in sellers favour. Coarse crossbred fleece of good style were firm, Average 4% dearer and Poor styles firm to 2.5-5% dearer. Coarse crossbred early shorn and second shear types of Good (3/5 inch) 1.5% dearer, (3/4 &2/4 inch) 2% dearer and 2/3 inch firm. Crossbred oddments for clothing and combing were 1% dearer.
Next sale will be held on 3 October in North Island with approximate 9,600 bales on offer.
Source: Wool Services International
