The New Zealand fine wool market saw offering both in North Island and South Island. The total bales on offer was 13,933, of which, 12,585 bales were sold posting an overall clearance rate of 91%. Prices gained compared to previous sales in New Zealand dollar term by 0.7% or 2 cents to 276 New Zealand cents and up also 2 cents at 182 US cents.
The selection consisted of 35% EWE and hogget fleece of 32-38 micron, 40% early shorn and hogget second shear of 31-38 micron, 11% lambs fleece, 12% associated oddments and 2% miscellaneous types.
There was widespread competition again with Australian carpet mills, India sub-continent and Europe main with limited support from China.
Major buyers this week were NZWSI/JSB (4,605), Masurel (2,860), Fuhrmann (1,060) and Charguers (1,050) among others.
Prices movements in South Island compare North Island sale of 12 December were as follows: Fine crossbred fleece, 31-35.5 mic were 1-2% dearer, crossbred early shorn, 32-35.5 mic 1-2% cheaper. Coarse crossbred fleece of good style were in buyers’ favour, average and poor style 1-3% dearer. Coarse crossbred early shorn and second shear, 36-39 mic 3/5 were fully firm, 3/4 and 2/4 1-2% dearer, and 2/3 firm. Oddments for clothing of good colour 1-2% dearer, poor colour 1-3% dearer and combing 1-2% dearer.
Prices movements in North Island compare North Island sale of 12 December were as follows: Fine crossbred fleece, 31-35.5 micron 1-3% dearer, crossbred early shorn, 32-35.5 micron 1-2% cheaper, coarse crossbred fleece of good style in buyers’ favour, average 1-2% dearer and poor were 3-4% dearer. Coarse crossbred early shorn and second shear, 36-39 micron 3/5 inch were fully firm, 3/4 2/4 and 2/3 1-2% dearer. Oddment for clothing of good colour were 1-4% dearer, poor colour firm and combing 2-4% dearer.
Next auction will see North Island offering 11,500 bales on 9 January.
