Shifting half of New Zealand’s crossbred wool clip to higher value fine wool contracts could boost the economy by about $2 billion, says NZ Merino Company (NZM) chief executive John Brakenridge.
The weighted currency indicator is up 0.91% having a slight negative impact .
Dawson advises the market continues to be dominated by very targeted buying with better style wools still attracting most attention.
Compared to the last similar South Island selection on November 17;
Merino fleece were 3.5 to 12% dearer.
Mid Micron fleece saw varied results with specific brackets targeted, ranging from 2% cheaper to 3.5% dearer.
Fine crossbred fleece were 4% dearer.
Coarse full fleece and shears were 1 to 4% easier, however compared to last week’s North Island sale were 1 to 7.5% dearer.
Oddments were 3 to 12% cheaper in the South, but compared to the north were 7 to 10% dearer.
Competition was limited with China principals supported by Western Europe, Australasia and the Middle East.
The next sale on December 8 comprises about 9200 bales from the North Island.