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Related Keywords: auction prices, wool, wool industry

The value of nearly all wool lifted at last week's combined North and South Island sale, by up to 5% for cross-bred fleece and 7% for lambs' wool, regardless of the negative impact of a stronger New Zealand dollar on export returns.

Limited supplies of New Zealand wool is helping to keep auction prices on the boil at the first sales of the New Year.

The shortage led to the first South Island sale of the year being cancelled.

This week's sale will be another light one, with a bit over 14,000 bales of North and South Island wool rostered for auction.

Related Keywords: Eastern Market indicator, wool, wool price

The wool recorded six consecutive weekly gains from early November until the Christmas recess.“ In the first week of wool auctions this year, the Eastern Market Indicatore (EMI) has held its ground at around 1130 cents/kg. This was despite a strong offering of 53,000 bales said National Australia Bank’s Head of Agribusiness for South Australia and Western Australia, Matt O’Dea.“

In the Eastern Market Indicator (EMI) five per cent rise in wool prices is tipped for 2013-14.

Related Keywords: New Zealand wool market, wool

At the New Zealand wool market, of the 18,100 bales on offer, 93 percent sold, compared to the last sale on 9th January the weighted indicator for the main currencies increased by 0.81 percent.

According to New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel, stronger New Zealand dollar, limited wool availability and renewed client interest combined to underpin the combined wool auction this week with practically all wool types increasing in value.

Related Keywords: Cape Wools, h African wool market, wool

The South African wool market caught up well at the first sale of the new year, Cape Wools said on Wednesday. It saw a 13.5% increase on the opening sale and is up almost 6.1% on the corresponding sale last year.

Company spokesperson Lizelle Delport said that Cape Wools' Merino indicator softened by a marginal 1.4% to close the day at R115.67/kg (clean).

The local market seemed to follow the international trend, as the Australian market had also decreased by 1.3%.

Related Keywords: wool, wool prices

The first wool sale of the year last week in Napier saw a large offering of wool where prices improved from levels seen at Christmas. There were 15,000 bales sold and that was a good sign that there's plenty of demand out there. At the moment, it is a bit of a level and looking forward to see further gain in wool prices, Elders Primary Wool national wool manager Simon Averill said.

Related Keywords: fine wool, market reopens, wool, wool price

Wool prices to see slow and steady upward trend in the year 2014 with the market reopens today. The eastern market indicator was at 1134 cents when the market closed for a three-week break in December.

According to Andrew Partridge, from Fox and Lillie, the wool prices will steadily increase throughout the year with medium wool types making the biggest gains.

An average of 1100-1150 will perhaps be a pretty good, he said.

(The) 21 microns will almost certainly eye $13 but he thinks around that $12.50 mark, everyone should be reasonably happy.