Friday, 09 January 2015 11:09

Wool market eases

Written by 

A SOFTER market was seen for most types in the first auction for 2015 of 13,200 bales of North Island wool, says New Zealand Wool Services International Ltd's general manager, John Dawson.

The stronger New Zealand dollar and seasonal higher wool volumes combined to ease the market with 90% of the offering selling.

Dawson advises that fine crossbred fleece were 2 to 3% cheaper. Fine crossbred shears ranged from firm to 3.5% easier. Coarse good colour fleece was up to 3.5% cheaper with poorer styles buyers favour.

Coarse shears were 1 to 3.5% cheaper. Early season first lambs fleece remained firm.

Long crossbred oddments were 2% cheaper with short oddments down 1 to 3%.

Main support came from China, India and the Middle East with support from Australasia, United Kingdom and Western Europe.

The next sale on January 15 comprises about 8400 bales from the North Island and 9300 bales from the South Island.

More like this

Wool market firms

The double auctions in the South and North Islands attracted more interest yesterday.

Wool sale steadies

The South Island sale of 8565 bales comprising a wide range of wool types saw good support with 78% of the offering selling. 

South Island wool bounces

Despite a strengthening NZ dollar, the varied selection at this week's South Island auction attracted strong support.

Wool market steady

The North Island wool auction received revived support this week with an improved 81% of the 5700 bales selling.

Featured

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.

B+LNZ launches AI assistant for farmers

Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.

National

Machinery & Products

Tech might take time

Agritech Unleashed – a one-day event held recently at Mystery Creek, near Hamilton – focused on technology as an ‘enabler’…

John Deere acquires GUSS Automation

John Deere has announced the full acquisition of GUSS Automation, LLC, a globally recognised leader in supervised high-value crop autonomy,…

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards,…

» Latest Print Issues Online

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter