Wool sales held on 6 June in New Zealand’s North Island saw prices down both in domestic currency terms as well as in US dollar terms. The coarse crossbred indicator was at 284 NZD cents, down 2.4%, while in US dollar terms it fell 1.1% to 188 US cents.
The total offering was smaller at 9,762 bales (down 1.8%) with a clearance rate of 83%, as against 72% in the previous sales.
Major buyers were Masurel (1,900), NZWSI/JSB (1,770) and Fuhrmann (1,400) this week, among others.
Compared with the previous sale on 30 May, price movements were as follows in North Island: Fine crossbred second shear of 32-36 microns – good styles were 5-6% cheaper and average styles were 4-6 cheaper. Fine crossbred early shorn – average styles were 2-3% cheaper. Coarse crossbred fleece – average styles were firm while poor styles were in sellers’ favour. Coarse crossbred early shorn and second shear types of 37-39 microns – good colour styles were 2-3% cheaper, average styles 2-4% cheaper, and poor styles 2% cheaper. Crossbred oddments for clothing and combing were firm.
Source: Wool Services International
