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

Carpet maker Bremworth set for 'sustained growth'

Wool carpet and rug manufacturer Bremworth says it’s emerging from a period of significant transformation, rebuilding from damage caused by Cyclone Gabrielle and moving away from synthetics to the production of wool carpets and rugs.

Chinese wool deal to target counterfeiters

Farmer-owned wool fibre and carpet producer Wools of New Zealand hopes that its new partnership with a major Chinese carpet and rug manufacturer will help combat counterfeiters in the global market and highlight the prestige of New Zealand wool to Chinese consumers.

Featured

Support welcomed for southern farmers

Federated Farmers says it welcomes the announcement of extra Government support for farmers and growers in Southland and parts of Otago after the region was hit by severe wet weather.

Tatua’s $10.50/kgMS tops, again!

Waikato-based milk processor Tatua has announced a final 2023-24 season payout of $10.50/kgMS for its farmer shareholders, again topping the payout stakes among NZ milk processors.

Will silver turn to gold for state farmer?

Tucked away in a remote part of the central North Island, staff at a Pāmu (Landcorp) farm are working hard to solve one of the biggest challenges facing the dairy and beef sectors.

» Latest Print Issues Online

The Hound

Gun-shy

OPINION: Listening to the hysterical reportage of gun law reforms being pushed through by Associate Minister of Justice Nicole McKee,…

Beware groupthink

OPINION: Massey University has long been, and still is, a core part of the NZ farming scene, training the next…

» eNewsletter

Subscribe to our weekly newsletter