An attack on Wools of New Zealand by its former chief executive has turned out to be a positive, claims chairman Mark Shadbolt.
Some grower resistance was evident as the passing levels indicated at 13%. Fine Crossbred Fleece and Early Shorn decreased overall by up to 1.5%. Coarse Crossbred Fleece 37 to 39 micron reduced 1.5 to 2% in the South Island while in the North Island declined by 2.5 to 5%.
Coarse Crossbred Early Shorn and Second Shear reduced 2.5 to 5%. First Lambs were mainly offered ex North Island, these retraced their levels from the previous week declining 5%. Crossbred Oddments both Combing and Carding were 1 to 2% cheaper.
China is the dominating participant while Australasia, Western Europe and to a limited support were India and the United Kingdom.
The next sale on January 31 comprises about 9000 bales from both the North and South Islands totalling 18,000.