fbpx
Print this page
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

A big win for wool!

State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

Popular Reads

Featured

Wool training reaches Chatham Islands

Next month, wool training will reach one of New Zealand's most remote communities, the Chatham Islands - bringing hands-on skills and industry connection to locals eager to step into the wool harvesting sector.