The New Zealand wool market had a mixed week with varied movements across the different wool types.
At the combined North and South Island sales held on 14 February, the Coarse Crossbred Indicator fell by 1 cent (0.3%) to close on 286 cents, but in US dollar terms increased by 1 cent (0.5%) to finish on 194 US cents.
The New Zealand dollar strengthened by 0.9% to finish on 68 US cents.
The total offering was 13,040 bales, with a clearance rate of 89%.
Compared with the North Island sale on 8 February, prices at the North Island sale moved as follows: Fine crossbred fleece of 33-35 microns – firm. Fine crossbred early shorn of 33-35 microns – N/A. Coarse crossbred fleece of 37 microns – good styles N/A, average styles 2% dearer, poorer styles 2-3% cheaper. Among the coarse crossbred early shorn and second shear types of 36-39 microns – average styles 3/5 inch N/A, good styles 3/4 to 2/3 inch N/A, poor style 3/5 inch 2% cheaper. Crossbred oddments – 2% cheaper. Lambs – 28.5 microns firm, 29-29.5 microns 2/3 inch firm, 30 microns firm, 30.5-31 microns 3% cheaper.
Compared with the South Island sale on 8 February, prices at the South Island sale moved as follows: Fine crossbred fleece of 33-35 microns – 2.5% dearer. Fine crossbred early shorn of 33-35 microns – 2% dearer. Coarse crossbred fleece of 37 microns – good styles 2% dearer, average styles 2% cheaper, poorer styles buyers favour. Among the coarse crossbred early shorn and second shear types of 36-39 microns – average styles 3/5 inch 2% cheaper, good styles 3/4 to 2/3 inch 3% dearer, poor style 3/5 inch firm. Crossbred oddments – firm. Lambs – 28.5 microns firm, 29-29.5 microns 2/3 inch firm, 30 microns firm, 30.5-31 microns 1% cheaper.
Source: Wool Services International
