Friday, 06 November 2015 12:03

Firmer prices for better wools

Written by 

The 5100 bales of South Island wools on offer this week through the Wool Services International auction saw strong competition and a 90.5% clearance.

The weaker NZ dollar compared to last sale on October 29 aided local prices, with the weighted currency indicator down 1.43%, says WSI marketing executive, Malcolm Ching.

Ching says the less stylish merino fleece compared to the last time offered on October 22 saw the 19.5 micron and finer wools up to 6% cheaper with 20 to 23.5 microns up to 3% firmer.

Mid micron fleece 24 to 26 microns was 1 to 4% dearer with 27 to 29.5 microns strongly contested, lifting 8%.

Compared to the North Island sale on October 29, fine crossbred fleece 32 to 35 microns was 3 to 6% dearer with shear types 1.5 to 5% dearer. Coarse full fleece was 4 to 5% stronger with 3 to 5 and 3 to 4 inch shears 1.5 to 3% firmer. Shorter types eased by 1.5%. Long oddments were 4 to 6% dearer with shorter types 1 to 5% dearer.

There was good competition with China and Western Europe supporting the fine wool sector, China dominating the fine crossbreds and Australasia strongly supporting the coarse wools. Limited support came from Western Europe, Middle East and India.

The next sale on November 12 comprises about 5100 bales from the North Island.

More like this

Wool auctions back in action

Wool trading on both sides of the Tasman is back up and running after a cyberattack on industry software provider Talman.

Getting on top of a lousy problem

For strong wool sheep, lice infection is a nuisance more than a hefty financial cost. But, for fine wool sheep the financial toll is much greater. 

Small profit for Wools NZ

The Wools of NZ board considers its 2019 financial outcomes to be satisfactory given “the first year as a fully commercial company, operating in a very challenging wool market”.

Featured

 

COVID-19: Tax relief for M. bovis farmers

Farmers whose herds were culled in response to the outbreak of Mycoplasma bovis will be able to minimise the tax treatment of their income in some circumstances.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Flying high

This old mutt would like to know how the sanctimonious Green Party and its MPs can continue to lecture everyone…

Put it down

Your canine crusader notes that the woke folk at Landcorp – sorry Pāmu – were recently crowing about recording a…

» eNewsletter

Subscribe to our weekly newsletter