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Friday, 09 January 2015 11:09

Wool market eases

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A SOFTER market was seen for most types in the first auction for 2015 of 13,200 bales of North Island wool, says New Zealand Wool Services International Ltd's general manager, John Dawson.

The stronger New Zealand dollar and seasonal higher wool volumes combined to ease the market with 90% of the offering selling.

Dawson advises that fine crossbred fleece were 2 to 3% cheaper. Fine crossbred shears ranged from firm to 3.5% easier. Coarse good colour fleece was up to 3.5% cheaper with poorer styles buyers favour.

Coarse shears were 1 to 3.5% cheaper. Early season first lambs fleece remained firm.

Long crossbred oddments were 2% cheaper with short oddments down 1 to 3%.

Main support came from China, India and the Middle East with support from Australasia, United Kingdom and Western Europe.

The next sale on January 15 comprises about 8400 bales from the North Island and 9300 bales from the South Island.

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The North Island wool auction received revived support this week with an improved 81% of the 5700 bales selling.

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