Friday, 24 January 2014 09:22

Wool still winning

Written by 

THE COMBINED NORTH and South Island wool auction of 15,100 bales saw an overall firming trend with a 90.7% clearance, says NZ Wool Services International Ltd's general manager, John Dawson.

The weighted currency indicator hardly altered, easing 0.25%, having minimal impact.
Dawson says there were some price variations between selling centres reflecting localised covering requirements with the main driver continuing to be limited supply and firming enquiry.

Compared to the January 16 sales; mid micron fleece 25 to 30.5 micron were firm to 2% dearer.

Fine crossbred full fleece 32 to 35 micron were firm to slightly dearer in the South and slightly easier in the north. Fine crossbred shears were firm to 3% dearer. Coarse crossbred fleece were generally firm to 2% stronger. Coarse second shears were firm to 3% dearer.

First Lambs were 1 to 4% firmer except the finer types in the North which eased slightly. Long oddments were firm to 8% dearer with short types 3 to 6% stronger.

Interest was wider, mainly from China, Australasia, India and Western Europe, supported by United Kingdom and the Middle East.
The next sale on comprises about 8,300 bales from the North Island and 7,200 bales from the South Island.

More like this

Wool market firms

The double auctions in the South and North Islands attracted more interest yesterday.

Wool sale steadies

The South Island sale of 8565 bales comprising a wide range of wool types saw good support with 78% of the offering selling. 

South Island wool bounces

Despite a strengthening NZ dollar, the varied selection at this week's South Island auction attracted strong support.

Wool market steady

The North Island wool auction received revived support this week with an improved 81% of the 5700 bales selling.

Featured

National

NZ supports rules-based system

Deputy Prime Minister Winston Peters often describes NZ as a small and isolated nation situated 'just north of the penguins'…

Machinery & Products

Iconic TPW Woolpress turns 50!

The company behind the iconic TPW Woolpress, which fundamentally changed the way wool is baled in Australia and New Zealand,…

» Latest Print Issues Online

The Hound

Double standards

OPINION: Imagine if the Hound had called the Minister of Finance the 'c-word' and accused her of "girl math".

Debt monster

OPINION: It's good news that Finance Minister Nicola Willis has slashed $1.1 billion from new spending, citing "a seismic global…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter