Mid

Xbred
fine

18.0-18.8
mic

35-39
mic

MARKET REPORT NEW ZEALAND WOOL SALE 18TH MAR 10

At Christchurch approx 9,000 bales. The offering was made up of approx 35% Xbd Fleece, 20% Xbd 2 nd Shear, 30% Xbd Lambs, balance various Oddments and misc. The market compared to last weeks South Island sale 11 March 2010 – Xbd Fleece BB/B style 1% dearer. Xbd 2 nd Shear BB/B style unchanged. Xbd Fleece B and B/C style 1 to 2% cheaper. Xbd 2 nd Shear B style 2% dearer. Xbd Bulky Oddments 1 to 3% cheaper. 2 nd Shear Oddments unchanged. Xbd 1 st Lambs 28 to 30 micron 2/3 inch 1 to 3% cheaper, 30.5 micron and coarser 1% dearer, 3 inch 1 to 3% dearer, 3/4 inch 1% cheaper. 2 nd Lambs 2 to 3% dearer. Passings approx 25%.

The NZ dollar today compared to last weeks South Island sale 11 March 2010 via USD 0.7150 up 1.3%, via Euro 0.5200 up 0.4%, via Sterling 0.4660 down 1.5%.

Next week we have two wool sales on Thursday 25 March 2010. At Napier approx 9,000 bales and at Christchurch approx 15,500 bales.

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MARKET REPORT NEW ZEALAND WOOL SALE 11TH MAR-10

NZ Wool Services International Ltd reports that prices softened for most types at today’s wool sales, reacting to a correspondingly stronger NZ dollar. In the combined auction of North and South Island wool in Napier and Christchurch, 78 per cent of approximately 29,000 bales on offer sold.

Compared to the previous sale, on 4 March, the New Zealand dollar rose in value against a weighted indicator of the main international wool trading currencies by 1.22 per cent. Coupled with the current finely balanced supply-demand situation and limited shipping space, purchasing activity was restricted and prices fell accordingly for most types. According to New Zealand Wool Services International, the fine crossbred sector was firm to two per cent cheaper, with these wools mainly sought after for the Chinese market. Coarse crossbred fleeces eased two to three per cent, with the poorer faulted styles falling furthest. Coarse shears resisted the trend, remaining firm to only 1.5 per cent easier Finer lambs wool types eased between one and 3.5 per cent with the longer coarser types attracting strong interest and strengthening in price, against the rest of the types, by between one and five per cent. Oddments also attracted good interest ranging from firm to two per cent easier. Main interest today was from Australasia, India, China and the Middle East with support from the United Kingdom and Western Europe. Passings 22%

Next week’s auction, on 18 March, will be in Christchurch only, consisting of 9300 bales of South Island wool.

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