NEW ZEALAND: wool prices are surged due to diminishing supply

Wool Partners International auctioneer Dave Burridge said after the cancellation of the previous week's sale due to the Christchurch earthquake, buyers turned to last Thursday's auction to secure stock for immediate scouring and shipment. 

Buyers commented that prices needed to consolidateto provide confidence and ensure prices remained stable, he said. 

Compared with the February 17 sale, good style crossbred fleece, 31 to 39 microns, was 3% to 5% dearer, poorer styles up to 4% dearer and crossbred oddments 2% to 3% stronger. 

Second shear fleece rose 4%-5% and first lambs wool fell 5%. 

New Zealand Wool Services International general manager John Dawson said a nominal offering of mid micron fleece lifted in price 3% to 8%. 

Of the 20,000 bales on offer at the combined auction of North and South Island wool, 97.7% sold. 

Mr Dawson saiddiminishing supply coming under continued heavy demand was the main market driver. 


Send your News/Releases for publication to [email protected]
Added: March 8, 2011 Source: pr web
Start script - 1553081749.6226 Start news id check - 1553081749.6227 After news id check - 1553081749.6229 After cookie_code - 1553081752.4576 Before news detail - 1553081752.4576 After news detail - 1553081752.4591 Start cat select - 1553081752.4591 After cat select - 1553081752.4594 before preg replace - 1553081752.4594 After preg replace - 1553081752.4594 Before tag engine - 1553081752.4594 After tag engine - 1553081752.4652 Before mptt engine - 1553081752.4652 After mptt engine - 1553081752.4652 Before related engine - 1553081752.4652 After related engine - 1553081752.4675 Before update hits - 1553081752.4676 After update hits - 1553081752.4678 After update news_hits - 1553081752.4904 After mem_only_views - 1553081752.4904 -------------------------------------------------- Total Exec time:- 2.8679001331329
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2019. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 20-03-2019