Displaying items by tag: auction

Renewed interest from China saw the finer types well supported in the combined North and South Island wool sales comprising 15,200 bales, NZ Wool Services International Ltd's, general manager, John Dawson reports.

This week's offering of 10,500 bales from the South Island saw a generally weaker market with 55% of the offering sold, says New Zealand Wool Services International Ltd's general manager, John Dawson.

Comparative market reporting based on the radically disparate volumes and types on offer between alternate weeks offerings of North and South Island wools is becoming increasingly difficult, says New Zealand Wool Services International Ltd's general manager, John Dawson.

THE WOOL SALE held in the South Island today (Thursday) comprised 10,334 bales of which 7, 587 reached market reserves or above, New Zealand Wool Services International Limited's general manager, John Dawson reports.

Compared to last week's North Island auction on the May 17 the weaker New Zealand dollar and restricted supplies, coupled with renewed overseas buying, combined to lift prices for the 7885 bales of South Island wool on offer this week, New Zealand Wool Services International Ltd's general manager, John Dawson advises.

The 7,900 bales of North Island wool on offer this week saw a 68.7% clearance with a generally firm to dearer trend, New Zealand Wool Services International Ltd's general manager, John Dawson reports.

This week's North Island offering comprising 9,600 bales saw most sectors ease again except the finer lambs fleece, NZ Wool Services International Ltd's general manager, John Dawson says.

The wool market was generally down this week due to a combination of strained exporter cash flows, slower demand and a slightly stronger dollar, New Zealand Wool Services International's general manager, John Dawson says.

The market held up fairly well for the last of the larger offerings of this season with 22,700 bales on offer and an 84% clearance, New Zealand Wool Services International Ltd's general manager, John Dawson reports.

The North and South Island Wool auction comprising 26,000 bales saw a firm to dearer market with a 90.3% clearance, New Zealand Wool Services International Ltd's marketing executive, Malcolm Ching says.