Thursday, 26 November 2015 14:57

Mixed wool market

Written by 
The North Island auction received mixed support with the stronger NZ dollar having a limited impact in some areas. 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 the North Island auction received mixed support with the stronger NZ dollar having a limited impact in some areas.

Of the 6,500 bales on offer 97.5% sold.

The weighted indicator for the main trading currencies was up 1.35% compared to the last sale on 19th November, accounting for a corresponding local market reduction in some sectors.

Dawson advises that the finer end of the Fine Crossbred Fleece were up to 1.5% dearer with the stronger end buyer's favour.

Fine Crossbred Shears 3 to 5 and 3 to 4 inches were firm to 2.5% cheaper with the shorter lengths firm to 2% dearer.

Coarse Crossbred Full Fleece were 1.5% cheaper with Coarse Shears firm to 2% dearer.

Long Oddments remained firm with shorter oddments 3 to 7% cheaper.

Lambs Fleece were nominally unchanged.

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

Next sale on 3 December will comprise of approximately 5,000 bales from the South Island with the North Island sale cancelled due to weather affecting shearing.

More like this

A big win for wool!

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

Featured

Nedap launches standalone operation in New Zealand

With collars on more than seven million cows worldwide, Nedap says its standalone launch into New Zealand represents world-leading, reliable and proven smart technology solutions for dairy farmers.

» Latest Print Issues Online

The Hound

Realpolitik!

OPINION: Meanwhile, red blooded Northland politician Matua Shane Jones has provided one of the most telling quotes of the year…

The Kiwi way

OPINION: This old mutt has been around for a few years now and it seems these ‘once in 100-year’ weather…

» eNewsletter

Subscribe to our weekly newsletter