Wednesday, July 6, 2022

Wool demand remains firm

Last week’s combined North and South Island wool sale comprising 14,100 bales saw a 91.2% clearance with an overall firm market tone.

Wool Services International general manager John Dawson said the weighted indicator for the main trading currencies increased by 0.42%t compared to last sale on November 29 with little impact in most areas.

Dawson said that recent renewed activity from China has helped stimulate the finer sector of the market with carpet types generally holding their ground.

Mid micron fleece strengthened 1.5 to 5%. Fine crossbred full fleece ranged from firm to 5% stronger. Fine crossbred shears 2 to 4 inches to 3 to 5 inches were generally 2 to 5% dearer with only the shorter types decreasing by up to 3 %.

Coarse crossbred fleece and shears were generally firm to buyers favour.  First lambs fleece were firm to 2% dearer.

Long oddments were in buyers favour with shorter types firm to 4% stronger.

China dominated the market with limited support by Western Europe, Middle East, United Kingdom, India and Australasia.

The next sale on Thursday comprises approximately 7200 bales from the North Island.

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