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THE NORTH ISLAND sale of 6,600 bales continues the upward trend in the wool market, New Zealand Wool Services International Ltd's general manager, John Dawson reports.
Good clearances were seen with a 98% sold rate.
Fine crossbred fleece and early shorn gained 1.5% with 33.5 to 36 micron, 3/5 inch realising 2.5% above last South Island sale.
Thirty one to 34 micron, 3/4 inch rose to 1.5 to 2.5%, while 32 to 34 micron, 2/4 inch were 2.5 to 3% dearer. Thirty two to 33 micron, 2/3 inch were 1% cheaper.
Combing oddments were 3% dearer while clothing oddments were 1% dearer.
There was widespread interest with China dominating and supported by Middle East, Western Europe and India. The next sale on October 24 comprises about 7,600 bales from the South Island.
The recently signed free trade agreement with India is an invitation to strengthen relationships between the New Zealand and Indian strong wool industries, says Wool Impact chief executive Andy Caughey.
Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.
A collaboration between two New Zealand companies will see wool used as a renewable colour source for 3D printing.
OPINION: A bumper season all around.
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
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Newly appointed Federated Farmers vice president Sandra Faulkner says she is honoured and excited to hold the role.
New Zealand's top fencers were out in force at National Fieldays this month, demonstrating their skills with the ever-reliable number 8 wire.
New Federated Farmers president Colin Hurst says he will ensure that farmer voices are heard loud and clear wherever decisions are being made.
Paynes Titus Excelsior ET, an LIC bull bred by Brad Payne and Claire Brodie in the Waikato, has won the JT Thwaites Sire of the Season 2026 Award.
South Canterbury farmer Colin Hurst has been elected as the new president of Federated Farmers.
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