Friday, 08 March 2013 09:35

Wool pricing continues firming

Written by Pamela Tipa

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The combined North and South Island auction offering of 24,400 bales saw a 91% clearance and a firm to dearer market across the board, NZ Wool Services International Ltd's general manager, John Dawson reports.

The weighted indicator for the main trading currencies was practically unchanged compared to the last sale on February 28, firming by 0.23%.

Dawson advises the fine crossbred fleece was generally slightly dearer with the shear types firm to 2% stronger.
Coarse crossbred fleece were firm to 6% stronger with the average and better style wools lifting the most. The coarse shears were firm to 3% stronger.

First lambs were also firm to 3% dearer. Oddments were 1.5 to 7% stronger with North Island wools gaining the most.

Limited competition with China dominated, supported by Australasia, Western Europe, India, Middle East and United Kingdom.

The next sale on March 14 comprises about 9,500 bales from the South Island.

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