Friday, 29 July 2016 14:23

South Island wool bounces

Written by 
Despite a strengthening NZ dollar, the varied selection at this week's South Island auction attracted strong support. Despite a strengthening NZ dollar, the varied selection at this week's South Island auction attracted strong support.

Despite a strengthening NZ dollar, the varied selection at this week's South Island auction attracted strong support.

New Zealand Wool Services International Ltd's chief executive John Dawson reports that of the 7700 bales on offer 85% sold.

The weighted currency indicator was up 2.06% compared to the previous week's auction.

Dawson advises a selection ranging from 21 micron merinos to 42 micron coarse wools with a cross section of styles and lengths provided attractive options to buyers which overrode the possible negative impact of the stronger dollar compared to the similar South Island offering on July 14.

Mid micron fleece were well supported with increased Chinese interest, lifting 4 to 12%.

Fine crossbred fleece and shears were 2 to 3% firmer. Coarse crossbred full fleece lifted 3% for all styles with coarse shears ranging from firm to 3.5% dearer. Oddments were up 3 to 5%.

Where comparable to last week's North Island auction, levels are 4 to 7% higher.

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

The next sale on August 4 comprises about 5000 bales from the South Island.

More like this

Flock House and its secrets

Plans are in place to celebrate the 100th anniversary of the legendary Flock House opening its doors for the first time.

Wool campaign making strides

A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.

On a mission to add value to wool

While wool returns continue in the doldrums, smart sheep farmers are looking for alternatives for a product that currently cost more to get off a sheep's back than it's worth. One such initiative is run by husband and wife team Hayden and Anastasia Tristram who farm at Wanstead in the Central Hawke's Bay. Mark Daniel reports.

Wool petition hits Parliament

South Canterbury farmer Angela Blair has delivered a petition to Parliament calling on the Government to reverse its decision to fit rural schools with synthetic carpet.

Featured

Donated tractors welcome news

When Cyclone Gabrielle hit in February 2023, it left an estimated $13.5 billion worth of damage across New Zealand.

More choice with new distribution deal

Having taken over from the previous distributor, who represented the brand for two decades, Landini New Zealand marks the beginning of a new distribution deal with Norwood, with a first look at Fieldays.

» Latest Print Issues Online

The Hound

Thanks Chuck!

OPINION: After six years of being passed over for every Arts luvvie in the Queen’s Birthday Honours, agriculture has finally…

Not biased

OPINION: Reactions to Budgets are always predictable, following well-worn tracks laid down by political tribalism and ideology.

» eNewsletter

Subscribe to our weekly newsletter