Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
There was a 55% clearance with many farmers again refusing to sell at these lower levels.
The weighted indicator for the main trading currencies was down only 0.29% with limited market activity and high client stock levels again being the main market influencers.
Dawson advises Fine Crossbred Shears as well as the Coarse Fleece and Shears softened 3 to 5%.
Lambs Fleece 30 micron and finer went against the trend remaining firm to 3% stronger, however the Coarser types were firm to 1%easier. Second Lambs eased 2 to 3%.
Short Oddments also eased 2 to 3%.
There was restricted competition with China and Western Europe principals and limited support elsewhere.
Next sale on Friday, April 27 (due to the mid-week National holiday) comprises approximately 14,000 bales from the South Island.
