fbpx
Print this page
Thursday, 17 December 2015 16:08

Wool eases

Written by 
The 15,000 bales on offer from both centres this week saw a slight easing for most types. The 15,000 bales on offer from both centres this week saw a slight easing for most types.

New Zealand Wool Services International marketing executive, Malcolm Ching reports that the 15,000 bales on offer from both centres this week saw a slight easing for most types.

Higher volumes than anticipated, a stronger New Zealand dollar and sluggish overseas interest over the past weeks added to the softer tone.

Despite the easier market, 93% sold. The weighted currency indicator lifted 0.83%.

Ching advises that compared to the December 3 sale, Mid Micron Fleece were 2.5 to 4% cheaper.

Compared to the North Island sale of December 10, Fine Crossbred Fleece and Shears were generally 1 to 3% cheaper however some specific types resisted this trend.

Coarse Crossbred good colour fleece remained firm with average and poor styles 1 to 2% easier.

Crossbred Shears were firm to 2% cheaper with good support for the better style shorter wools.

First Lambs eased 1.5 to 3%. Oddments received varied support, ranging from firm to 6% cheaper.

There was good competition with China, Australasia and Western Europe principals supported by Middle East, United Kingdom and India.

The next sale is on January 7, 2016 comprising about 13,000 bales from the North Island.

More like this

Popular Reads

Featured

Applications open for 2027 Zanda McDonald Award

Applications are set to open for the 2027 Zanda McDonald Award, a trans-Tasman award recognised for identifying and fast-tracking talented young leaders in agriculture and agribusiness.

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.