Thursday, 22 January 2015 15:59

Wool prices stronger at North Island sale

Written by 

The North Island sale saw prices lift on the back of a weaker New Zealand dollar and steady off-shore interest, NZ Wool Services International Ltd's marketing executive, Paul Steel, reports.

 Of the 10,000 bales on offer 97% sold. The weighted indicator for the main trading currencies compared to the last sale on January 15 was down 1.63%.

Steel advises fine crossbred fleece and shears were 1 to 4% dearer.

Coarse crossbred fleece were 1 to 3% stronger with shears generally firm to 2% dearer.

First lambs finer than 27.5 micron came under strong competition, lifting 7% with the balance 1.5 to 2.5% stronger.

Long oddments were 4 to 6% dearer with short good colour oddments firm and poorer styles up 4%.

There was well spread interest with China, India and Australasia dominating, supported by Western Europe, Middle East and the United Kingdom.

The next sale on January 29 comprises about 9,000 bales from the North Island and 12,800 bales from the South.

More like this

Carpet maker Bremworth set for 'sustained growth'

Wool carpet and rug manufacturer Bremworth says it’s emerging from a period of significant transformation, rebuilding from damage caused by Cyclone Gabrielle and moving away from synthetics to the production of wool carpets and rugs.

Chinese wool deal to target counterfeiters

Farmer-owned wool fibre and carpet producer Wools of New Zealand hopes that its new partnership with a major Chinese carpet and rug manufacturer will help combat counterfeiters in the global market and highlight the prestige of New Zealand wool to Chinese consumers.

Featured

New Image turns 40!

Auckland manufacturer and distributor of colostrum-based supplements, New Image International, celebrated its 40th anniversary this month.

National

Winter grazing warning

Every time people from overseas see photographs of cows up to their hocks in mud it's bad for New Zealand.

ANZ defends farm lending rates

The country's largest lender to the agriculture sector says it's not favouring home loans over farm and business lending.

Machinery & Products

Expo set to wow again

Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo…

A year of global challenges

As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make…

» Latest Print Issues Online

The Hound

Review SOEs!

OPINION: NIWA has long weathered complaints about alleged stifling of competition in forecasting, and more recently, claims of lack of…

Bank reset

OPINION: Adding to calls to get banks to 'back off', NZ Agri Brokers director Andrew Laming has revealed that the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter