It was business as usual at today’s North Island wool sale as prices remained unchanged across all categories. There was a good clearance and most exporters are reporting that there is new business being contracted and this was reflected in a relatively low passing rate today, but the price of this new business continues to be at the current low levels.
NZ Yarn, CP Wool’s spinning plant, has good colour second shear contracts out to the end of 2020 so please talk with your CPW wool representative if you are interested.
XBD Fleece ~ Nominally 2% to 3% cheaper.
XBD 2nd Shear ~ Par to 1% cheaper.
XBD 2nd Shear Hgts ~ Par to 2% cheaper.
1st Lambs ~ Nominally 3 to 5% cheaper.
XBD 2nd Shear Oddments ~ Par to 3% dearer.
Sale approximately 6%
South Island C03
Thursday 16 July 2020
Approx. 10,559 bales