Slower overseas market sales are causing the correction in NZ returns, PGG Wrightson’s North Island auctioneer Steve Fussell said.
Higher coloured wools and poorer style oddments have suffered most.
Hogget wool has remained steady, causing a larger price gap between higher and lower micron types.
Among lambs’ wool types, 28 micron made a 5% gain. Across the market the pass-in rate was 16%.
Sale details (in micron, level, price per kg/clean: Full wool, good-to-average colour, 31 micron, $5.66kg/clean, steady; 33, $3.92, down 26c; 34, $3.57, steady; 35,$3.38, down 36c; 36, $3.33, down 11c; 37, $3.45, steady; 38, $3.52, steady; 39, $3.23, down 14c.
Crossbred second shear: 33 micron, 3 to 4 inches, $3.58, steady; 35, 3 to 4 inches, $3.35, down 21c; 37, 2 to 3 inches, $3.24, down 5c; 39, 3 to 5 inches, $3.23, down 14c; 3 to 4 inches, $3.30, down 8c; 2 to 3 inches, $3.21, down 3c.
