Saturday, 28 May 2016 10:29

North Island wool levels steady

Written by 
The high volume of short second shears eased slightly at the latest NZ Wool Services International's auction. The high volume of short second shears eased slightly at the latest NZ Wool Services International's auction.

The high volume of short second shears eased slightly at the latest NZ Wool Services International's auction compared to the last North Island auction on May 12, says chief executive John Dawson.

Apart from that there were minimal changes.Of the 8,600 bales on offer 88% sold. Currency had minimal impact with the weighted indicator for the main trading currencies down only 0.47% week on week.

Dawson says the listed volumes of fine crossbred longer shears were 1 to 2% dearer with the shorter types firm to 2% easier.

Coarse crossbred fleece were firm to 2.5% dearer. Longer coarse shears were firm to 2% firmer with the high volumes of short shears on offer 1 to 2% easier.

Fine first lambs were firm to 3% dearer with coarse lambs 3 to 4% cheaper. Oddments were firm to 5% easier.

There are now quite disparate price levels between the limited type selection and styles in the North Island and the more varied offering from the South Island making direct comparisons difficult.

There was good competition with Australasia, Western Europe and United Kingdom principal, supported by Middle East, India and China.

The next sale on June 2 comprises about 6,500 bales from the South Island.

More like this

Hype or Holy Grail?

Merino farmers need to be sure of their evidence if they are to embrace a regenerative agriculture label, says Lincoln University Professor Jon Hickford.

Wool-less Wiltshires prove popular

A seemingly never-ending plunge in strong wool prices is proving to be a boon for a sheep breed that doesn’t produce the increasingly worthless fibre – the Wiltshire.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Blue murder

OPINION: Your old mate recently read an off-the-wall suggestion, by some boffin, that deliberately staining meat blue will lead to…

Foot in mouth - again!

OPINION: This old mutt reckons Agriculture Minister Damien O'Connor too often suffers from 'foot in mouth' disease.

» eNewsletter

Subscribe to our weekly newsletter