Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
Of the 5,700 bales on offer, 92% sold.
The weighted indicator for the main trading currencies compared to last sale weakened 0.94%, helping underpin local prices.
Dawson advises that compared to the sale on 5th November, Merino Fleece were generally firm to 2% dearer. Mid Micron Fleece were firm to 3% dearer.
Compared to the 12 November sale, Fine Crossbred Fleece were 1 to 4% dearer, longer shears firm to 4% dearer and shorter types firm to 2.5% easier.
Coarse Crossbred Full Fleece were up to 1.5% dearer.
Long Coarse Shears and very short shears eased 1.5% with 3 to 4 and 2 to 4 inch shears firm to 1.5% firmer.
Oddments were 3 to 6% dearer.
Good competition with China principals, supported by Western Europe and Australasia with limited interest from elsewhere.
Next sale on 26November comprises approximately 5,900 bales from the North Island.
