Indications are the sale was in line with the improving tone in wool prices at the latest open-cry auctions.
Six sellers provided lots for sale and a good cross-section of New Zealand’s major wool buyers were bidding online for the 1525 bales offered on May 22, Wools of NZ chief executive Rosstan Mazey said.
WoolsNZ and Alliance Group are the shareholders of NFX and are working with CRA International, a global company in online trading platforms.
Initial feedback on the first sale was positive, Mazey said.
CRA spokesman Brad Miller said the first live trading event went smoothly with bidders actively bidding round by round. Bidding continued until there was a round with no new bids.
WoolsNZ, 353 bales, and Alliance, 460 bales, provided more than half the offering.
Other meat processing companies, Affco, Lowe Group and Progressive were also sellers with significant bales of slipe wool.
Sales included: (clean price per kg): 31.7 micron, $4.07; 31.6 micron $4.18; 37.7m $2.63; 28.7m $6.07; 31m $3.77; 31m $3.69; 34.8m $3.25; 35.9m $2.32; 37.4m $3.69; 25.1m $9.50; 29.6m $3.86.
The next NFX sale is scheduled for Tuesday, June 5.
