It was pleasing to report an improvement in prices at today’s North Island wool sale. We know these are unsustainable prices for our industry and we still need to see a marked improvement to get close to an economic return for the wool grower. That said, with the positive tone today along with all buyers being active, there are finally some encouraging signs of a sustained, improving market.
XBD Fleece ~ Nominally Par to 2.5% dearer.
XBD 2nd Shear ~ 3 to 6% dearer.
1st Lambs ~ Par to 5% dearer.
XBD 2nd Shear Oddment ~ 10 to 15% dearer.
Sale approximately 4%
North/South Islands N52/C52
Thursday 25 June 2020
Approx. N52 8,990 bales, C52 8,367 bales