Prices at last month’s North Island sale increased on the back of a weaker New Zealand dollar and steady offshore interest, and pushed lambs wool to its highest price in three years. The demand from China helped push lambs wool prices up to $6.10 a kilo. First lambs finer than 27.5 micron came under strong competition, lifting 7 per cent, with the balance 1.5 to 2.5 per cent stronger…Full Article: NZ Herald Feb 2015

Key Point

  • Fine crossbred fleece (32-35 microns), coarse crossbred fleece (36 microns or higher), and long oddments (combing/clothing) also exhibited a price increase thanks to increased demand in countries like China, India, and Australia.

ChinaAg Comment

  • From 2010 to 2013, Chinese (mainland China, Hong Kong, and Macau) imports of wool (not card/combed, HS 5101) increased from 316,148 MTs to 347,329 MTs. In 2013, the largest supplier was Australia at 181,660 MTs, followed by New Zealand at 68,207 MTs. The next largest suppliers were South Africa, the UK, and Uruguay.

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