The New Zealand wool market stayed firm for a second successive week.
At the North Island sale held on 22 November, the Coarse Crossbred Indicator remained unchanged on 287 cents, and in US dollar terms gained 1 cent to finish on 196 US cents.
The New Zealand dollar strengthened by 0.44% against the US dollar compared with last week, finishing at 68.30 US cents.
The total offering was 6,279 bales, with a clearance rate of 93%.
Compared with the South Island sale on 15 November, prices moved as follows: Fine crossbred fleece of 33 microns and finer 2-3% dearer; fine crossbred early shorn of 34 microns and finer 2-5% dearer; coarse crossbred fleece of 36-39 microns – good styles 1-2% cheaper; average styles 1-2% cheaper; and poorer styles nominally 2-3% cheaper. Among the coarse crossbred early shorn and second shear types of 36-39 microns, 3/5 inch were firm, 3/4 inch 1-2% dearer, 2/4 inch fully firm, and 2/3 inch firm. Crossbred oddments – good style – 1-2% dearer, poor style – 1-3% dearer.
Source: Wool Services International
