Curtis Wool Direct

New Zealand Wool Market Report (27 August 2015)

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At today’s South Island wool auction Crossbred wool prices generally consolidated despite the weighted currency indicator reducing by 2.31 percent from 0.6229 USDC last week to 0.6090. There appears to be a lack of confidence in global markets which is creating some uncertainty with the New Zealand dollar weakening from .6604 last week to .6455 today. Bales on offer 8,245, bales Sold 7,286 (88% ).

 

Wool prices for Mid Micron Fleece 24.5 to 25.5 micron were 4 percent cheaper, 26 and 27 micron were 1 percent cheaper while 28 and 29 micron were 2 percent cheaper.

 

Fine Crossbred Fleece along with Fine Early Shorn and Second Shear with limited enquiry from China saw 33 to 35 micron wools were 2 to 4 percent cheaper while 34 to 36 micron 3 to 4 inch and 2 to 4 inch were 1 to 2 percent cheaper.

 

Coarse Crossbred Fleece including Coarse Crossbred Early Shorn and Second Shear remained firm.

 

Coarse Crossbred Oddments Combing and Carding were firm.

 

Competition came generally from Australasia, Western Europe with limited support from China.

 

 

Main buyers: Masurel 1610 bales, Fuhrmann 1600, NZ Wool Services 900, G Modiano 600,

Bloch & Behrens 600, H Dawson 520, J S Brooksbank 450, Chargeurs 450, W G Robinson 400, Standard Wool 140

 

Next sale on 3rd September comprises approximately 7,800 bales from the North Island.

 

Source: NZWSI

 

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