Prices remained firm for crossbred types, especially second shear wools of all lengths which were up to 6% dearer. Good full length pre lamb crossbreds were well sought after with all styles seeing a lift.
A shortfall in quantity and a softening of currency put some pressure on the market. Mid micron types still struggle to maintain levels of the previous week. This is disappointing as the quality coming forward is excellent. Large stockpiles around the world of 27 to 32 micron is having an impact on the current market, particularly with very little activity out of China.
The first of the Merino clips are beginning to come forward and good demand saw the competition well spread. The quality is very good, although prices are back on last
season. Another buyer from Australia (Australia Merino Exports) certainly helped this fine wool market today.
Passings South Island:
Sale approximately 22%