The New Zealand wool market had a mixed performance this week.
At the North Island sale held on 28 February, the Coarse Crossbred Indicator fell by 2 cents (0.7%) to close on 292 cents, and in US dollar terms also declined by 2 cents (1%) to finish on 200 US cents.
The New Zealand dollar weakened by 0.3% to finish on 68.40 US cents.
The total offering was 13,652 bales, with a clearance rate of 95%.
Compared with the South Island sale on 21 February, prices moved as follows: Fine crossbred fleece of 35 microns and finer – 2-3% dearer. Fine crossbred early shorn of 33-35 microns – 4% dearer. Among the coarse crossbred fleece of 37 microns and coarser, good styles were firm, average styles buyers favour and poor styles buyers favour. Coarse crossbred early shorn and second shear types – 36-39 microns – good styles firm, average styles 2-3% cheaper, poor styles 1% cheaper. Crossbred oddments – good to average styles 2% dearer, poor styles firm. Lambs – 28-29 microns firm, 30 microns firm, 30.5-31 microns 2% dearer.
Source: Wool Services International
