Good style short oddments firm this week New Zealand (New Zealand)

New Zealand Wool Services International Ltd reports that targeted types such as some First Lambs Fleece and Oddments resisted a generally weaker market this week. Of the 13,230 bales eventually offered as growers continue to resist selling at these lower levels, 67 percent sold, which is a better result than the past two auctions.

The weighted indicator for the main trading currencies was down 0.6 percent compared to the last sale on 19th April having minimal impact on prices. Fine Crossbred wools eased up to 3 percent. Good Colour Coarse Fleece was 1 percent softer with poorer styles 2 to 3.5 percent cheaper.

Long Coarse Shears were 1 to 2 percent easier with the shorter types 2 to 3.5 percent down. First Lambs were firm to 2 percent weaker.

Second Lambs and Long Oddments, which are generally better processing wools than comparative North Island types were 8 to 12 percent stronger. Good style short oddments were firm with the poorer styles 7 to 12 percent dearer. Limited competition with China and Western Europe continuing to dominate, supported by India, Middle East and Australasia.