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

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

Elite sheep dogs to go head-to-head at Ashburton A&P Show

A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.

Safer Rides initiative boosts farm quad bike safety

According to a new report, the Safer Rides initiative, which offered farmers heavily discounted crush protection devices (CPDs) for quad bikes, has made a significant impact in raising awareness and action around farm vehicle safety.

Editorial: Farewell Jim

OPINION: In the past weeks, much has been said and written about one of New Zealand's greatest prime ministers, James Brendan Bolger, who died just a few months after his 90th birthday.

» Latest Print Issues Online

The Hound

Red faced

OPINION: The Greens have taken the high moral ground on the Palestine issue and been leading political agitators in related…

Cold comfort

One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact…

» eNewsletter

Subscribe to our weekly newsletter