Thursday, 11 October 2012 16:17

Wool prices up

Written by 

A full cross-section of wool types from the 12,800 bales on offer attracted solid interest with 79% selling, reports New Zealand Wool Services International Ltd's general manager, John Dawson.

The weighted indicator for the main trading currencies hardly moved compared to the last sale easing by 0.26%.

Dawson says compared to the last time sold in the South Island on September 27, Merino fleece finer than 19.5 micron were firm to 2.5% dearer with 20 to 24.0 micron 2 to 4% stronger.

Mid micron fleece 25 to 27 micron was 4% stronger and 28 to 31.5 micron 2% dearer.

Compared to the last sale in the North Island on October 4, fine crossbred Fleece were up to 5% dearer. Fine crossbred shears 3/5 to 2/4 inches were 4 to 5% stronger with 2/3 inch wools buyers' favour.

Coarse crossbred fleece were firm to 2% dearer. Coarse crossbred shears 3/5 inches remained firm with 3/4 and 2/4 1.5 to 4% stronger. The 2/3 inch shears were 1% easier.

Crossbred oddments were generally up to 5% stronger.

Well spread competition with China, India and Western Europe principals was supported by United Kingdom, Middle East and Australasia.

The next sale on October 17 comprises about 8660 bales from the North Island.

More like this

A big win for wool!

State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.

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.

Featured

Farmers urged to prepare as heavy rain looms

With adverse weather set to rain down on the Top of the South, the Bay of Plenty and parts of Northland, Agriculture Minister Todd McClay says farmers, foresters, and growers need to prepare for possible challenges.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Stop the rot!

OPINION: Bayer Crop Science closing its Hastings research site could be the tip of the iceberg.

Not so cuddly

OPINION: The image of regenerative farmers as kind, cuddly progressive types took a hit when one of their own took…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter