Wool sales held on 23 May in New Zealand’s North Island saw prices decline in domestic currency terms as well as in US dollar terms. The coarse crossbred indicator was at 288 cents, down 4.3%, while in US dollar terms it was down 5% at 187 US cents.
The total offering was 11,601 bales (up 13%), with a clearance rate of 74% - as against 77% in the previous sales.
Major buyers were NZWSI/JSB (2,700), Masurel (2,000), Fuhrmann (1,300) and Bloch & Behrens (1,030) this week, among others.
Compared with the previous sale on 16 May, price movements were as follows in the North Island: Fine crossbred early shorn of 32-36 microns: Good style and average 2-4% cheaper; and poor 3-4% cheaper. Coarse crossbred fleece: average was 5% cheaper and poor styles were 3-5% cheaper. Coarse crossbred early shorn and second shear types of 37-39 microns: good colour and average styles were 4-6% cheaper and poor styles were 5-6% cheaper. Crossbred oddments for clothing were 5-6% cheaper while combing were 5% cheaper. Lambs – 30 micron and finer were in buyers’ favour while 30 microns and coarser were 2-3% cheaper.
Source: Wool Services International
