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

Wool’s dire situation

The situation for wool may be dire, but Waipukurau woolbroker Philippa Wright is not walking away from it.

Sheep handler speedy, versatile

Hecton Products has been in the sheep handling business for more than 40 years now and its Sheep Handler and Weigh Crate products are common sights around the country.

Featured

 

Hort raring to go

Horticulture New Zealand says the findings of the survey confirm that the sector will help drive New Zealand’s post-Covid recovery.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Fat chance

OPINION: This old mutt has always believed that any hopes of a possible free trade deal – that is any…

Health & safety?

OPINION: WorkSafe and workplace safety legislation dominate the daily operations of the private sector, including farms.

» eNewsletter

Subscribe to our weekly newsletter