Prices for most types of wool finished cheaper than the
previous sale a week ago, at the last wool sale for the year
Due to continuing economic uneasiness in major wool-buying
countries and bank funding restrictions, mills and buyers
have delayed entering into longer-term contracts for greasy
wool, said Dave Burridge, of PGG Wrightson Wool.
Buyers were operating on a more "hand-to-mouth" basis to fill
orders until further stability resumed and, also, what
interest could be generated from the carpet trade fairs in
Germany and the United States next month.
There was a 76% clearance of the 16,500-bale offering, New
Zealand Wool Services International general manager John
There was widespread competition with China, Australia, New
Zealand and Europe principals supported by United Kingdom,
Middle East and India sparingly.
Good-style fleece (31 to 35 micron) was 1%-2% cheaper, with
an average clean price of 640c per kilogram. Good-style
full-length crossbred fleece (35 to 39 micron) was 1%-2%
cheaper, with an average clean price of 630c per kilo.
Second-shear fleece (75mm to 125mm) dropped 1% with an
average clean price of 620c per kilo, while second-shear
(50mm to 100mm) eased 2% with an average clean price of 540c
Crossbred oddments and mid-micron wool were both 1%-2%
The next auction on January 12 will comprise about 14,400
bales from the North Island and 9600 bales from the South