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NZWSI Market Report: Wool Market Firm
WOOL MARKET FIRM
New Zealand Wool Services International Limited’s CEO, Mr John Dawson reports that despite a slightly stronger New Zealand dollar compared to the last sale on 16th March the 9835 bales on offer were firm to dearer, with 82 percent sold.
The weighted indicator for the main trading currencies was up 0.23 percent.
Mr Dawson advises that Fine Crossbred Fleece and Shears were firm to 1 percent dearer. Good Style Coarse Crossbred Full Fleece and Shears were firm to 4 percent dearer with Poorer Styles having less support dropping 5%.
28 micron and finer First Lambs Fleece increased 3% with 28.5 micron to 30mic easing 1 to 3%. Coarser lambs increased by 1 to 3%
Good Style Combing Oddments eased by 4% with Poorer Styles increasing by 8%. Clothing Oddments remained firm to 3% dearer.
Steady competition with China, Western Europe and Australasia principals, supported by India, Middle East and the United Kingdom.
Next sale on 30th March comprises approximately 10,000 bales from the North Island.
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