fbpx
Print this page
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

Gongs for best field days site

Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive preparation every time is the PGG Wrightson Seeds site.

Feed help supplements Canterbury farmers meet protein goals

Two high producing Canterbury dairy farmers are moving to blended stockfeed supplements fed in-shed for a number of reasons, not the least of which is to boost protein levels, which they can’t achieve through pasture under the region’s nitrogen limit of 190kg/ha.

National

Machinery & Products

Buhler name to go

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and…

Grabbing bales made quick and easy

Front end loader and implement specialist Quicke has introduced the new Unigrip L+ and XL+ next-generation bale grabs, designed for…