Friday, 16 November 2012 08:42

Wool market steady

Written by Pamela Tipa

font size decrease font size increase font size
Print
Email

The 9500 bales on offer at this week's North Island sale saw a 93% clearance with a generally firm market, says New Zealand Wool Services International Ltd's general manager John Dawson.

The weighted indicator for the main trading currencies eased 0.94% compared to the last sale on November 8, helping local prices.

Dawson says the fine crossbred fleece was slightly buyers' favour with longer shears up to 2% easier and shorter types firm.

Coarse full length crossbred fleece and longer shears remained firm with 2 to 4 inch wools firm to 1.5% dearer and 2 to 3 inch up to 2.5% stronger. Crossbred oddments generally remained firm.

There was limited competition with China dominating supported by India, Middle East, Western Europe and the United Kingdom.
The next sale on November 22 comprises about 10,255 bales from the South Island.

Featured

Restrictions on fruits, vegetables movement in Mt Roskill

Legal controls on the movement of fruits and vegetables are now in place in Auckland’s Mt Roskill suburb, says Biosecurity New Zealand Commissioner North Mike Inglis.

Free herbicide resistance testing

Arable growers worried that some weeds in their crops may have developed herbicide resistance can now get the suspected plants tested for free.

Fruit fly discovery puts growers, exporters on edge

Fruit growers and exporters are worried following the discovery of a male Queensland fruit fly in Auckland this week.

Global dairy prices snap a five-month negative run

Dairy prices have jumped in the overnight Global Dairy Trade (GDT) auction, breaking a five-month negative streak.

Alliance Group chief executive steps down

Alliance Group chief executive Willie Wiese is leaving the company after three years in the role.

New field book helps identify common pests, diseases

A booklet produced in 2025 by the Rotoiti 15 trust, Department of Conservation and Scion – now part of the Bioeconomy Science Institute – aims to help people identify insect pests and diseases.

National

Waitoa launches QR-enabled campaign to trace free range chicken

Poultry producer Waitoa is launching a new campaign, complete with on-pack QR codes, giving Kiwis the ability to trace their…

Rural health programme inspires new optometry graduate

Grace Su, a recent optometry graduate from the University of Auckland, is moving to Tauranga to start work in a…

Waikato dairy effluent breaches lead to $108,000 in fines

Two farmers and two farming companies were recently convicted and fined a total of $108,000 for environmental offending.

Geopolitical shifts drive fertiliser market volatility – Ravensdown

According to Ravensdown's most recent Market Outlook report, a combination of geopolitical movements and volatile market responses are impacting the…

Environment Canterbury promotes on-farm composting as a practical alternative to offal pits

Environment Canterbury, alongside industry partners and a group of farmers, is encouraging farmers to consider composting as an environmentally friendly…