Curtis Wool Direct

New Zealand Wool Market report (25 May 2017)

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The North Island offering of 7,700 bales saw a 69 percent clearance with most types easing in local terms mainly due to a significantly stronger New Zealand dollar.

 

The weighted indicator for the main trading currencies was up 1.36 percent compared to the last sale on 18th May and 1.51 percent stronger against the US dollar.

 

Compared to the last North Island sale on 11 May where similar wools were on offer, the limited offering of good colour early shorn and second shear types were 5 percent cheaper.

 

Average coloured crossbred fleece was firm to 2 percent easier with poor styles remaining firm.

 

Good to average style longer shears were firm with shorter shears easing 3 to 5 percent. Poorer styles generally showed increased support strengthening 2 to 5 percent.

 

Fine first lambs fleece were firm with coarser types 4 to 5 percent dearer.

 

Crossbred oddments were generally firm to buyers favour.

 

The less stylish wools on offer this week compared to last weeks’ South Island sale and a homogeneous supply of short second shear wool types compounded some of the price reductions.

 

Main buyers: Masurel 1700 bales, NZWSI 1050, Ascot 720, AWL 580, J S Brooksbank 500, Fuhrmann 500.

 

Next sale on 1st June comprises approximately 7,900 bales from the South Island.

 

Source: NZWSI

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