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

Editorial: Fuelling Hype

OPINION: For some of us the threat of a fuel crisis is something we have dealt with before and are still here to tell the tale.

National

Machinery & Products

» Latest Print Issues Online

The Hound

What A Choice!

OPINION: If you ask this old mutt, the choice at the next election isn't shaping up as a contest of…

Your Call!

OPINION: A mate of yours says we're long overdue for a reckoning on what value farmers really get for the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter