The New Zealand wool market had a positive week with most types increasing.
At the South Island sale held on 4 April, the Coarse Crossbred Indicator rose by 1 cent (0.3%) to 295 cents, and in US dollar terms also lifted by 1 cent (0.5%) to 201 US cents.
The New Zealand dollar strengthened marginally by 0.1% to finish on 68 US cents.
The total offering was 12,610 bales, with a clearance rate of 89%.
Compared with the North Island sale on 28 March, prices moved as follows: Fine crossbred early shorn of 33 to 36 microns – good styles 2-4% dearer, average styles 3-5% dearer, poor styles firm. Coarse crossbred fleece, average styles 1-2% dearer, poor styles buyers favour. Coarse crossbred early shorn and second shear types of 37 to 39 microns – good colour firm to 2% dearer, average styles firm, poor styles 2% cheaper. Crossbred oddments – clothing firm, combing firm. Lambs – 28 and 29 microns 2/3 inches 1-3% dearer, 30 to 32 microns 2/3 inches 2-4% dearer, 30 and 31 microns 2/4 inches firm, 31.5 and 32.5 microns 2/4 inches 2% dearer.
Source: Wool Services International
