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

National

NZ-EU FTA enters into force

Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement…

Machinery & Products

Factory clocks up 60 years

There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally…

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.

» Latest Print Issues Online

The Hound

Cut with care

OPINION: The new government has clearly signalled big cuts across the public service.

Bubble burst!

OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter