The New Zealand wool market saw a slight decline this week.
At the North Island sale held on 17 January, the Coarse Crossbred Indicator fell by 1 cent (0.3%) to close at 289 cents, and in US dollar terms also decreased by 1 cent (0.5%) to finish on 195 US cents.
The New Zealand dollar moved down by 0.3% to finish on 67.60 US cents. The total offering was 10,565 bales, with a clearance rate of 94%.
Compared with the North Island sale on 10 January, prices at the North Island sale moved as follows: Fine crossbred fleece of 34 microns and finer – 2% dearer. Fine crossbred early shorn of 34 microns and finer – 1-2% dearer. Coarse crossbred fleece of 35 and 36 microns good styles firm, 37 microns and coarser sellers favour, good and average styles 2.5% dearer, poorer styles 2-3% cheaper.
Among the coarse crossbred early shorn and second shear types of 36-39 microns good styles, 3/5 to 2/4 inch were firm, average styles 3/5 inch firm, average styles 3/4 inch firm, good styles 2/4 inch 2% dearer, good styles 2/3 inch sellers favour. Crossbred oddments – good and good/average firm, poor styles 2-3% cheaper. Lambs 28.5 microns and finer 3-4% dearer, 29 microns and coarser 2% dearer.
Source: Wool Services International
