Thursday, 29 November 2012 15:21

Wool market firm

Written by 

The 8600 bales of North Island wool on offer saw a generally strong market with a 95% clearance, New Zealand Wool Services International Ltd's general manager, John Dawson, reports.

Despite the weighted indicator for the main trading currencies strengthening by 1.04% compared to the last sale on November 22, local prices remained firm and in many cases increased slightly, pushing prices higher in overseas customer's terms.

Dawson says fine crossbred fleece and shears 32 to 35 micron generally remained firm.
Coarse crossbred fleece and longer shears 36 micron and coarser ranged from firm to 2.5% dearer. The 2 to 4 inch shears were the only group to soften this week, easing by 1 to 2%. Shorter shears strengthened 1.5%

Long oddments were up to 3% dearer with short types ranging from firm to 5% stronger.
There was competition with China dominating, supported by Western Europe, India, United Kingdom and the Middle East.

The next sale on December comprises about 6000 bales from the North Island and 7600 bales from the South Island.

Featured

Massey Research Field Day attracts huge interest

More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.

Expo set to wow again

Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.

A year of global challenges

As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.

National

Winter grazing warning

Every time people from overseas see photographs of cows up to their hocks in mud it's bad for New Zealand.

ANZ defends farm lending rates

The country's largest lender to the agriculture sector says it's not favouring home loans over farm and business lending.

Machinery & Products

Expo set to wow again

Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo…

A year of global challenges

As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make…

» Latest Print Issues Online

The Hound

Review SOEs!

OPINION: NIWA has long weathered complaints about alleged stifling of competition in forecasting, and more recently, claims of lack of…

Bank reset

OPINION: Adding to calls to get banks to 'back off', NZ Agri Brokers director Andrew Laming has revealed that the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter