Monday, 02 May 2016 07:55

Wool attracts mixed support

Written by 
Of the 5,000 bales on offer 88% sold. Of the 5,000 bales on offer 88% sold.

New Zealand Wool Services International Limited's CEO John Dawson reports that targeted buying saw some types well supported at the North Island auction.

Others either held steady or eased slightly.

Of the 5,000 bales on offer 88% sold. The weaker New Zealand dollar against most of the traded currencies saw the weighted indicator come down 0.80% compared to the last sale on 21st April.

According to Dawson, fine Crossbred Shears were firm to 2% easier. Coarse Crossbred Fleece were firm to 1.5% cheaper. Coarse Crossbred Shears were well supported, ranging from firm to 3% dearer with good styles sought after.

Shorter First Lambs were 1 to 3% easier with long Lambs firm to 4% dearer.

Long Oddments were firm to 1% cheaper with short oddments 2 to 5% dearer.

Next sale on 5th May comprises approximately 4,700 bales from the South Island.

 

More like this

Simmentals first choice

Superior weight gain makes Simmentals the breed of choice for Canterbury sheep and beef farmer Mark Copland.

 
 

» Latest Print Issues Online

The Hound

Fail!

PM Jacinda Ardern may have many talents, but an understanding of business is clearly not one of them.

The good life?

Your canine crusader admires those people in high positions who do not take their own self-importance too seriously and are…

 
 

Popular Reads

No longer so sure about BW

OPINION: Breeding worth (BW) was introduced decades ago and has served farmers well as a breeding guide – or has…

 
 
 

Rural Life

Collaboration increases capability

Initially designed to assist fertiliser spreading trucks operating on steep New Zealand hill country, TracMap’s GPS guidance and job management…

Tractor for tight spaces

Italian specialist tractor manufacturer SAME, part of the SDF Group, used the recent EIMA 18 Expo in Bologna, to roll…