This Week The Wool Market In New Zealand Has Been Steadily Rising.

2010/8/13 18:52:00 33

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New Zealand

wool

The report of Service International Limited said that the price of wool auction this week is basically stable or even rising.

In the combined auction of the northern island and the southern island, 86.4% of the 8000 packages of wool provided were sold.

Since the last provision in August 5th,

New Zealand

Yuan Tong's main international wool

Trade

The exchange rate of the currency dropped by 1.87%.

However, in recent summer holidays in Western Europe and other recent mild trade restrictions, the local market in New Zealand did not have the opportunity to make full use of monetary advantage.

New Zealand wool Service International said that the interest in normal growth of medium micron shearing is still strong, and its price has increased by 1%-4%.

There is also demand for fine wool, and the price has risen by 1%-3%.

The composition of today's larger quantity, the price of coarse wool and shearing has stabilized from a slight rise.

The price of long broken wool has increased by 1%, and the type of short broken wool has also been well supported, and the price has increased by 2%-3%.

Buyers from China, India, Australia and the Middle East are at the forefront of today's auctions and are supported by interest from Western European and British agencies.

Next week's auction will take place in Napier and Christchurch in August 19th. The wool on the northern island will be about 7200 bales, and the wool on the southern island will be about 7000 bags.