New Zealand Merino Wool Prices Rise

Mr. John Dawson, general manager of "P" > New Zealand a href= "//www.sjfzxm.com/news/index_c.asp" > wool > /a > International Co., Ltd. said that the price of 7260 bales of wool sold on the southern island has risen, and the price of some Merino wool has increased significantly, except that the price of lamb that is partly selected for fine hybridization is more than one year old.

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This week, the auction rate reached 90%, and the weight index of the main trade currencies only decreased by 0.3%. The stability of the market owes to the slight improvement of the exporters' demand for shipment and the interest of China's purchases. P

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< p > Mr. Dawson said that the price of 21 micron < a href= "//www.sjfzxm.com/news/index_c.asp" > Merino clipping < /a > increased steadily from 3% to 21.5-23, and the price of wool of 21.5-23 micron increased strongly, which rose by 10-13% compared with the last auction held in August 15th.

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< p > compared with the auctions held in August 22nd, the price of medium micron wool 24-28.5 micron wool has increased by 3%, and the price of wool of 29-31.5 microns has increased by 1.5%.

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Less than 32 P and 33 micron got the least attention, and the price dropped by 2.5-6%. The price of 34 microns and 35 microns increased by 1-2%.

The price of fine crossing shearing increased by 1%.

The price of coarse crosscut has increased by 1-2%, and the price of early shearing and two shearing has increased by 1-2.5%.

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The price of "P" > a href= "//www.sjfzxm.com/news/index_c.asp" > broken wool > /a "remained stable, and the price of short shearing increased from stable to 2.5%.

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< p > the purchasing interest from Chinese buyers is limited. Western European buyers are in a dominant position, and are supported by buyers from Australia, middle, India and the United Kingdom.

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< p > the next auction will be held in northern island in September 5th. The number of wool available for auction is about 9600 bales.

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