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

Pāmu Opens Farm Gates for Summer Open Farm Days

State farmer Pāmu is opening its farm gates this summer in an effort to give the rural sector the opportunity to see how large-scale, multi-system farming is delivering productivity and profitability across New Zealand.

DairyNZ: Waikato Farmers Need Certainty on PC1 Rules

DairyNZ says Waikato farmers need certainty on Plan Change 1, but they say that certainty must be matched with practical, workable rules and a clear transition that doesn't get ahead of the new resource management system currently under review.

National

Machinery & Products

 

 

» Latest Print Issues Online

The Hound

Great Idea!

OPINION: Central Hawke's Bay farmer Mark Warren recently told the Hawke's Bay Times it's time for a conversation about allowing…

No Choice

OPINION: A nation that relies as heavily as NZ does on functional global shipping lanes will have to do its…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter