Thursday, April 18, 2024

Strength in wool market remains

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(NEWS ALERT) The wool market in both the North and South Island continues to show resilience, New Zealand Wool Services International’s chief executive, John Dawson says.
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Dawson said that new business and shipping requirements for older contracts combined to keep all types well supported.

Crossbred fleece types ranged from 1% cheaper to 5% dearer across both Islands as did second shear and lamb types.

Good competition prevailed with China, Western Europe and Australasia dominating.

The next sale takes place on March 10 in the South Island only. It will consist of approximately 8000 bales.

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