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.
New Zealand Wool Services International Ltd's marketing executive, Paul Steel reports the currency factor had practically no influence this week with the weighted indicator firming only 0.11%.
Steel advises that most pressure came on the Chinese types with fine crossbred fleece firming 1% and the shears lifting between 3 and 7%.
Average style coarse fleece were 3 to 5% stronger with poorer styles 1.5 to 4% dearer. Coarse shears were generally 1.5 to 2.5% firmer.
Short, fine First Lambs were 1% dearer with coarser types generally 2 to 3.5% softer.
Long oddments lifted up to 5% with short oddments firm overall.
There was competition with China principal, supported by Australasia, Western Europe, Middle East, United Kingdom and India.
The next sale May 2 comprises about 4,900 bales from the North Island, down 34% on anticipated roster due to the shorter intake week and recent poorer weather conditions restricting shearing.
