All wool types increasing in value this week

At the New Zealand wool market, of the 18,100 bales on offer, 93 percent sold, compared to the last sale on 9th January the weighted indicator for the main currencies increased by 0.81 percent.

According to New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel, stronger New Zealand dollar, limited wool availability and renewed client interest combined to underpin the combined wool auction this week with practically all wool types increasing in value.

Compared to last time sold on 19th December, Mid Micron Fleece 27 to 28.5 microns were slightly easier by 1 to 2.5 percent with 29 to 31 microns 2 to 4.5 percent stronger.

Compared to the 9th January sale, Fine Crossbred Fleece and Shears 31.5 to 35 microns ranged from 1 to 5 percent dearer.

Coarse Crossbred Fleece 36 micron and Coarser were 1 to 5 percent dearer with the average styles increasing the most.

Coarse Second Shears were 1 to 3 percent firmer. First Lambs 27 to 31 microns were firm to 7 percent dearer with the finer types increasing the most.

Combing Oddments eased by 2 to 4 percent with short types slightly easier in the South but up to 3 percent dearer in the North.

Next sale on 23rd January comprises approximately 8,200 bales from the North Island and 6,000 bales from the South Island.