Friday, 02 December 2016 13:32

South Island wool sale eases

Written by 
The 4700 bales on offer saw a 74% clearance with mixed results. The 4700 bales on offer saw a 74% clearance with mixed results.

The 4700 bales on offer saw a 74% clearance with mixed results, however all prices paid locally are still above last week’s North Island auction levels, NZ Wool Services International chief executive John Dawson reports.

The weighted currency indicator is up 0.91% having a slight negative impact .

Dawson advises the market continues to be dominated by very targeted buying with better style wools still attracting most attention.

Compared to the last similar South Island selection on November 17;

Merino fleece were 3.5 to 12% dearer.

Mid Micron fleece saw varied results with specific brackets targeted, ranging from 2% cheaper to 3.5% dearer.

Fine crossbred fleece were 4% dearer.

Coarse full fleece and shears were 1 to 4% easier, however compared to last week’s North Island sale were 1 to 7.5% dearer.

Oddments were 3 to 12% cheaper in the South, but compared to the north were 7 to 10% dearer.

Competition was limited with China principals supported by Western Europe, Australasia and the Middle East.

The next sale on December 8 comprises about 9200 bales from the North Island.

More like this

Featured

GP Rural: New Pathway Proposed to Fix Rural GP Shortage

The Royal New Zealand College of General Practitioners (the College) and Hauora Taiwhenua Rural Health Network are calling for investment in a proposed new training pathway for rural GPs, warning that many rural practices are struggling to recruit while a large share of the existing workforce nears retirement.

CODC Sludge-to-Lauder Plan Slammed by Federated Farmers

Federated Farmers has called on Central Otago District Council (CODC) to drop or vote down a plan to truck sludge from Alexandra and Cromwell to farmland near Lauder, warning it would compound an "outrageous" situation created by a separate council's decision weeks earlier.

Southland Farmers Face Wet Weather Toll, Support Available

Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.

» Latest Print Issues Online

The Hound

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities…

UK Warning

OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in…

» eNewsletter

Subscribe to our weekly newsletter