Curtis Wool Direct

New Zealand Wool Market Report (19 May 2016)

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A slightly weaker New Zealand dollar and a wider range of better styled wools this week saw the market well supported in some sectors.

 

Of the 7,000 bales on offer, 76 percent sold with some growers holding out for better levels, particularly in the Lambs Fleece area.

 

The weighted indicator for the main trading currencies compared to last week was down 0.57 percent aiding local price levels.

 

Compared to last week’s less stylish North Island selection:

 

Fine Crossbred Fleece were nominally firm with shears 2 to 4 percent dearer.  Good colour Coarse Crossbred Full Fleece were firm with average and poor styles 3 to 6 percent dearer.

Longer Coarse Shears were 3.5 to 6 percent firmer with shorter shears 5 to 6 percent stronger.

First Lambs ranged from 1.5 percent cheaper to 1.5 percent dearer.

 

Limited competition with Australasia and Western Europe dominating, supported by China, India, Middle East and the United Kingdom.

 

Masurel 1430 bales, Fuhrmann 1400, NZ Wool Services 780, Chargeurs 750, JS Brooksbank 360, Bloch & Behrens 300, G Modiano 270, J Marshall 130, H Dawson 50, Standard Wool 20

 

 

Next sale on 26th May comprises approximately 8,100 bales from the North Island.

 

Source: NZWSI

 

 

 

 

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