New Zealand Wool Prices Hit Highest Levels Since 2011 Amid Tight Supply and Surging Demand
Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.
Compared to the last sale on November 26 the indicator for the main trading currencies was up 1.05% only having minimal impact in some quarters.
Dawson advises that compared to the last time sold on November 19, merino fleece 20.5 microns and finer were firm to 1.5% easier with 21 to 23.5 microns 1 to 3% dearer.
Mid micron fleece 24 to 29.5 microns were 1% dearer.
Compared to the sale on November 26;
Fine crossbred full fleece 32 and 33 microns were up to 5% cheaper with 34 and 35 microns 1% dearer. Fine crossbred shears were firm to 2.5% cheaper.
Coarse crossbred full fleece 36 microns and coarser were firm to 1% firmer.
All shear types remained firm.
Good colour short oddments were firm to 3% dearer.
There was well spread interest with China and Australasia dominating, supported by Western Europe, Middle East, United Kingdom and India sparingly.
The next sale on December 10 comprises about 9,200 bales in the North Island, including the wools from this week's cancelled sale.
