NZ Wool Market Report (9 February 2017)
The North Island auction of 5500 bales saw a 77 percent clearance with most types firm to slightly dearer.
The weighted indicator for the main trading currencies moved down 0.41 percent, helping local prices slightly.
More client interest and small offerings appear to have stabilised the market.
Compared to the last North Island sale on 2nd February: fine crossbred fleece were firm with longer shears also firm and shorter shears firm to 1.5 percent easier. Coarse crossbred full fleece were firm to 1.5 percent dearer with coarse shears receiving targeted interest, ranging from 3 percent dearer to 4 percent cheaper. Better prepared and good style lots were supported the most.
First lambs fleece 27.5 to 29.5 micron were 3 to 4 percent dearer with coarser types firm. Long oddments eased 4 to 5 percent with better style short oddments up to 2 percent cheaper and poorer styles 2.5 to 4 percent dearer.
Better interest with Australasia, Western Europe and China principals, supported by India, Middle East and United Kingdom.
Main buyers: NZ Wool Services 1075 bales, Masurel 1050, Ascot 780, IWL 650, JS Brooksbank 620, Fuhrmann 340, G Modiano 160 bales.
Next sale on 16th February comprises approximately 6300 bales from the North Island and 8100 bales from the South Island.