fbpx
Print this page
Thursday, 17 October 2013 15:00

Wool demand continues upwards

Written by 

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.

More like this

A big win for wool!

State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

Featured

Why is butter so expensive in New Zealand? Fonterra explains

Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.

National

Machinery & Products