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

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

Ideal weather for growers

Specialist horticulture and viticulture weather forecasters Metris are reporting near ideal spring start conditions for fruit growers this season.

LIC ready for challenges ahead

Herd improvement company LIC says it's well-positioned for the challenges ahead and remains focused on its core purpose - delivering value for farmer shareholders.

» Latest Print Issues Online

The Hound

Trump tariffs

OPINION: Former politicians seem incapable of staying away from the limelight after they retire.

Air Miles

OPINION: The latest travel receipts for MPs are in (April – June 2024).

» eNewsletter

Subscribe to our weekly newsletter