Wednesday, April 17, 2024

Wool in demand

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Most wool types were up in value at the Napier wool sale on Thursday with just a 1% pass-in rate making for a good solid sale, PGG Wrightson North Island auctioneer Steve Fussell said.
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Fleece types met strong competition from the buyers with good coloured shears also in favour.

Lambs’ wool continues to struggle to find any momentum.  

Compared to the sale on the June 8, 35 micron good style full fleece was up 3%, 37 micron and stronger up 3% to 4%, crossbred second shear 75-100mm good style up to 3%, good average style up 7% to 8%, 50-100mm good style up 9% to 10% and 50-75mm good style up 3% to 4%. All prices remain in the $1.60-$2/kg bracket.     

The main buyers were from the Middle East, India, China, Australia and NZ Carpet Mills with some limited interest from Europe. 

The next Napier sale on June 25 will be the last for this wool season.

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