Coarser wool in demand

An offering of 11,272 bales of North Island wool last week saw an 87% clearance and a strong market for the coarser wools.

The weighted indicator for the main trading currencies was 2% lower compared with the last sale on September 15.

Fine crossbred fleece remained firm, although the considerable amount of fine crossbred shears that made up the bulk of the offering was up to 1.5% easier.

Coarse crossbred fleece was between 1% and 2% stronger, with the poorer styles in strongest demand. Long oddments again attracted strong interest, increasing 3% to 5%. The bulkier types of the short oddments also lifted by 4% to 6% but shorter types received less attention and softened by 2% to 3%. The competition came mainly from China, Australia, New Zealand and Western Europe, supported by the United Kingdom, Middle East and India.

 

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