Friday, 23 March 2012 09:21

Wool price holds up

Written by 

The market held up fairly well for the last of the larger offerings of this season with 22,700 bales on offer and an 84% clearance, New Zealand Wool Services International Ltd's general manager, John Dawson reports.

The weighted indicator for the main trading currencies compared to the last sale on March 15 was practically unchanged, strengthening only 0.06%.

The price levels between the North and South Island selling centres reflects the larger volumes coming forward in the north and although prices lifted considerably compared to their last sale on March 8, the North Island prices are still generally below their counterparts in the south.

Dawson advises that Fine Crossbred Fleece and Shears were firm to 2% stronger. Good Colour Crossbred Fleece eased slightly with other styles firm to 3% dearer. Longer Coarse Shears ranged from firm to 4% stronger, with shorter shears in the South easing 1 to 2% and the north offering firm to 4% dearer. South Island Lambs were 1 to 2% easier with the North Island selection 2 to 5% stronger.

Oddments ranged from firm to 3.5% dearer with the North Island levels lifting the most.

Well spread competition with China, Australasia, Middle East and India principals supported by Western Europe and United Kingdom.

Next sale on March 29 comprises about 10,900 bales of South Island wools only.

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

Horticulture exports hit $8.4B, surge toward $10B by 2029

A brilliant result and great news for growers and regional economies. That's how horticulture sector leaders are describing the news that sector exports for the year ended June 30 will reach $8.4 billion - an increase of 19% on last year and is forecast to hit close to $10 billion in 2029.

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

» Latest Print Issues Online

The Hound

Be afraid

OPINION: Your old mate hears some of the recent uptick in farmer confidence has slipped since the political polls started…

Trust us!

OPINION: Ther'es a reason politicians rank even lower than John Campbell in the most trusted profession surveys.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter