Friday, 25 November 2016 10:53

Wool continues to ease

Written by 
The 7250 bales of North Island wool on offer saw a 72% clearance with most types easing further. The 7250 bales of North Island wool on offer saw a 72% clearance with most types easing further.

The 7250 bales of North Island wool on offer saw a 72% clearance with most types easing further.

NZ Wool Services International Ltd’s marketing executive Malcolm Ching reports that some good colour types resisted this trend as buyers continue very focused buying with targeted better style wools getting more support.

The weighted indicator for the main trading currencies was 0.64% lower than last week’s sale, having minimal positive impact.

Ching advises that subdued demand and continued uncertainty around new market interest in coming weeks, is restricting buying activity.

Compared to the last similar North Island selection on November 10: Good colour fine crossbred fleece were 1 to 2% dearer with average/poor styles 3 to 7% cheaper. Good colour fine crossbred shears 3 / 5 and 3 / 4 inches were 2.5 to 5.5%t easier with 2 / 4 and 2 / 3 inches firm to 5% dearer. All poorer style fine crossbred shears were 3.5 to 7% cheaper.

Good colour coarse crossbred fleece were firm with poorer styles 7 to 8% cheaper. Coarse shears 3 / 5 to 2 / 4 inches were 1 to 5% cheaper with 2 / 3 inches 1.5% dearer.

Short oddments ranged from 7 to 13% cheaper.

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

Next sale on December 1 comprises about 4550 bales from the South Island.

 

More like this

Feds back wool levy

In an irony not lost on free-marketers, Federated Farmers — in which farmer membership is voluntary — supports imposing a compulsory levy on all wool growers.

100% NZ wool for Danish carpets

New Zealand wool has now completely replaced British wool for innovative European carpet manufacturer Ege in its printed carpet process.

 
 

» Latest Print Issues Online

The Hound

Pull your heads in

The Hound was disappointed but not surprised to see the multi-national, tax-dodging environmental group Greenpeace have another crack at NZers…

Unfortunate timing

Your old mate reckons Fonterra is not the only dairy company in NZ now under pressure.

 
 

Popular Reads

Wilson farewelled in Hamilton

Former Fonterra chairman John Wilson was farewelled in Hamilton today by family, co-op colleagues, farmers and friends.

New technology will help

Blockchain and distributed ledger technologies have the potential to help our primary industries capture high-value niches, according to a new…

 
 
 

Rural Life

Ozone in the vineyard

The word ozone conjures up images of big holes in the atmosphere, stronger UV light, the risk of severe sunburn…

Drones versus birds

Drones may soon be joining the armoury of weapons used to scare birds away from ripening grapes  after a trial…