There was little change in prices at today’s North Island Wool sale as 90% of the offering was sold. As with two weeks ago, we had a large offering of 13,200 bales and it was pleasing to see the market hold considering the testing global environment. New Zealand exporters are reporting that the Chinese are opening Letters of Credit for existing orders and new business is also being written which is positive as other markets are showing a bit more caution.
XBD Fleece and 2nd Shear ~ Generally par 2% cheaper.
XBD 1st Lambs ~ Generally unchanged.
XBD 2nd Lambs ~ Par to 2% cheaper.
XBD Oddments ~ 2% dearer.
Good/average colour XBD 2nd Shear B/P ~ 2% cheaper.
Sale approximately 10%
South Island C38
Thursday 19 March 2020
C38 Approx. 6,422 bales