Monday, 30 April 2012 10:29

Wool market variable

Written by 

Targeted types such as some first lambs fleece and oddments resisted a generally weaker market last week, says New Zealand Wool Services International Ltd's general manager, John Dawson.

Of the 13,230 bales eventually offered as growers continue to resist selling at these lower levels, 67% sold, which is a better result than the past two auctions.

The weighted indicator for the main trading currencies was down 0.6% compared to the last sale on April 19 having minimal impact on prices.

Dawson advises that fine crossbred wools eased up to 3%.

Good colour coarse fleece was 1% softer with poorer styles 2 to 3.5% cheaper. Long coarse shears were 1 to 2% easier with the shorter types 2 to 3.5% down.

First lambs were firm to 2% weaker. Second lambs and long oddments, which are generally better processing wools than comparative North Island types were 8 to 12% stronger.

Good style short oddments were firm with the poorer styles 7 to 12% dearer.

Limited competition with China and Western Europe continuing to dominate, supported by India, Middle East and Australasia.

Next sale on May 3 comprises approximately 7500 bales of North Island wools.

More like this

A big win for wool!

State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

Featured

National

Machinery & Products

» Latest Print Issues Online

The Hound

Overbearing?

OPINION: Dust ups between rural media and PR types aren't unheard of but also aren't common, given part of the…

Foot-in-mouth

OPINION: The Hound hears from his canine pals in Southland that an individual's derogatory remarks on social media have left…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter