Displaying items by tag: NEW ZEALAND WOOL SERVICES INTERNATIONAL

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

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

The more varied offering at this weeks' South Island auction saw targeted buying with better demand for the longer wools.

The ongoing fallout from the Brexit result, continued minimal activity from China and a strong New Zealand dollar have compounded to make significant inroads into local wool values.

The strong dollar, restricted off-shore interest and high volumes of one wool category on offer this week saw local prices ease.

The wool market in both the North and South Island continues to show resilience.

New Zealand Wool Services International chief executive John Dawson reports this week's auctions held in both centres saw slightly different price movements between them, however overall the local market remains firm.

New Zealand Wool Services International marketing executive, Malcolm Ching reports that the 15,000 bales on offer from both centres this week saw a slight easing for most types.

New Zealand Wool Services International's chief executive John Dawson says the North Island auction received mixed support with the stronger NZ dollar having a limited impact in some areas.

New Zealand Wool Services International's chief executive John Dawson says a slightly easier NZ dollar and limited wool volumes combined with steadier enquiry, saw most categories well supported.