New Zealand Wool Market Report
Despite a slightly stronger New Zealand dollar wool prices were firm to slightly dearer. With less wool available due to weather affecting shearing and vacation related shipping requirements this has helped underpin prices. Bales on offer 7,905, bales sold 7,543 (96.2% Sold ). The weighted indicator for the main trading currencies increased 0.99 percent week on week. Compared to the last South Island sale on 16th July, Mid Micron Fleece were 2 to 4 percent dearer. Compared to the last sale in the North Island on 23rd July, Find Crossbred Fleece and longer shears were 2 to 4 percent dearer.
Coarse Crossbred Fleece were firm to 2.5 percent firmer with shears firm to 2 percent stronger. Coarse Long Oddments were firm with good colour short oddments firm to 2 percent dearer.
Good competition with China continuing to dominate, supported by Australasia, Western Europe, Middle East and India.
Main buyers: Masurel 2050 bales, J S Brooksbank 760, NZ Wool Services760,
H Dawson 720, Fuhrmann 700, W G Robinson 500, Standard 330.
Next sale on 6th August comprises approximately 5,200 bales from the South Island.