New Zealand Wool Market Report (28 July 2016)
Despite a strengthening NZ dollar, the varied selection at this week’s South Island auction attracted strong support. Of the 7700 bales on offer 85 percent sold.
The weighted currency indicator was up 2.06 percent compared to the previous week’s auction.
A selection ranging from 21 micron merinos to 42 micron coarse wools with a cross section of styles and lengths provided attractive options to buyers which overrode the possible negative impact of the stronger dollar compared to the similar South Island offering on 14 July.
Mid micron fleece were well supported with increased Chinese interest, lifting 4 to 12 percent.
Fine crossbred fleece and shears were 2 to 3 percent firmer.
Coarse crossbred full fleece lifted 3 percent for all styles with coarse shears ranging from firm to 3.5 percent dearer.
Oddments were up 3 to 5 percent.
Where comparable to last week’s North Island auction, levels are 4 to 7 percent higher.
Good competition with Australasia, Western Europe and China principals, supported by Middle East, India and United Kingdom.
Main buyers: Masurel1650 bales, NZ Wool Services 1150, Bloch & Behrens 1000, Fuhrmann 850, J S Brooksbank 680, W G Robinson 500, G Modiano 420.
Next sale on 4th August comprises approximately 5,000 bales from the South Island.
Source: NZWSI
