The New Zealand wool market saw a significant increase this week.
At the combined North and South Island sales held on 10 January, the Coarse Crossbred Indicator rose by 7 cents (2.7%) to close at 290 cents, and in US dollar terms increased by 5 cents (2.6%) to finish on 197 US cents.
The New Zealand dollar was unchanged on 67.80 US cents.
The total offering was 15,626 bales, with a clearance rate of 95%.
Compared with the North Island sale on 20 December, prices at the North Island sale moved as follows: Fine crossbred fleece of 32-34 microns (nominal) – 2-4% dearer. Fine crossbred early shorn of 32-34 microns – 1-3% dearer. Coarse crossbred fleece of 35-39 microns – good styles 2-4% dearer, average styles 1-3% dearer, poorer styles 2-4% dearer. Among the coarse crossbred early shorn and second shear types of 36-39 microns, 3/5 inch were 3-4% dearer, 3/4 inch 2-4% dearer, 2/4 inch 2-3% dearer and 2/3 inch 2-4% dearer. Crossbred oddments – good style – 1-3% dearer, poor style – 2-3% cheaper. Lambs – 28 and finer 1-3% cheaper; 28.2-29.5 microns 2-3% cheaper.
Compared with the South Island sale on 20 December, prices at the South Island sale moved as follows: Fine crossbred fleece of 32-34 microns (nominal) – 2-3% dearer. Fine crossbred early shorn of 32-34 microns – 1-3% dearer. Coarse crossbred fleece of 35-39 microns – good styles 2-3% dearer, average styles 2-3% dearer, poorer styles 1-4% dearer. Among the coarse crossbred early shorn and second shear types of 36-39 microns, 3/5 inch were 2-3% dearer, 3/4 inch 2-3% dearer, 2/4 inch 1-2% dearer, and 2/3 inch 1-3% dearer. Crossbred oddments – good style – firm, poor style – firm. Lambs – 28 and finer N/A; 28.2-29.5 microns firm.
Source: Wool Services International
