Paul Steel, marketing manager of New Zealand Wool Services International Ltd P, said that the slight depreciation of New Zealand's main trading currencies, the severe supply of wool and the recent rise in the price of wool markets in other countries led to a rise in most wool prices in the southern island auction this week.

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< p > the number of wool provided this week reached 8340 packs, with a turnover of 83%.

The weight index of New Zealand's main trading currencies decreased by 0.46% compared with the previous auction in May 2nd, and the currency exchange rate strengthened with the auction.

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< p > Mr. Steele suggested that although the price of medium micron shearing increased by 4% compared with the previous auctions in the southern island, the index remained slightly down, because the prices of these types of wool continued to be weak in other markets in the past few weeks.

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< p > the price of fine hybrid wool and shearing (3-4 inches) increased by 3-5%, and the shorter type obviously recovered 5-8% after last week's weakness.

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< p > the price of coarse hybrid wool and shearing has increased by 2.5%-5.5%.

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< p > the price of thin lamb for the first time and for longer lambs increased by 2%, and the price of coarse and short lambs was reduced by 2%.

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< p > the price of long broken wool is still stable, and the price of short broken wool has increased by 3-6%.

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< p > the good spread of competition among participants in China, Western Europe and Britain was supported by buyers from India, the Middle East and Australia.

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Less than P, the next auction of wool on the northern island, which was originally scheduled for May 16th, was insufficient.

The next auction on the southern island will take place in May 23rd, with a supply of 7300 bags of wool.

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