Thursday, 12 January 2012 15:57

Wool prices fall again

Written by 

Wool prices fell again this week with the New Zealand dollar up 4.45% against the main currencies since the last sale on December 21, says Wool Services International.

However many categories resisted this negative factor with some local prices easing by 1.5 to 4%.

With 25,000 bales on offer, there was a 69% clearance, says Wool Services general manager John Dawson.

The South Island which only had 9,000 bales on offer resisted the strong dollar, with prices softening by 1.5 to 3%.

A very small offering of Mid Micron rose between 1.5 to 2.5%. Early season short lambs weakened between 3 and 7% with little overseas interest at present.

Australasia and China were principal markets supported by Western Europe, Middle East, United Kingdom and India.

The next sale on January 19 comprises about 9,800 bales from the North Island and 6,300 bales from the South Island.

Featured

Carrfields invests in new Ashburton R&D hub

The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.

Elite sheep dogs to go head-to-head at Ashburton A&P Show

A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.

National

Tributes paid to Jim Bolger

Dignitaries from  all walks of life – the governor general,  politicians past and present, Maoridom- including the Maori Queen, church…

Machinery & Products

» Latest Print Issues Online

The Hound

Red faced

OPINION: The Greens have taken the high moral ground on the Palestine issue and been leading political agitators in related…

Cold comfort

One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter