Prices continued to ease for all types at today's North Island sale. Most affected were the Hogget types, 35 micron and finer. This situation is similar to what has happened to the Merino and Half-bred wool and is a reflection of very low buying activity from the Chinese this year, as previously they would have been very active in this market. Competition was again well spread amongst the 13 buyers.
XBD Fleece ~ Nominally 7% cheaper.
XBD 2nd Shear ~ 5 to 7% cheaper.
XBD Hgt 2nd Shear ~ 8 to 10% cheaper.
XBD 2nd Shear Oddments ~ Generally 5% cheaper.
Sale approximately 15%
Thursday 10 September 2020
Approx. 11,294 bales