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

Wool sector remains in limbo

The wool industry is in limbo waiting to see what the world outlook is like “once countries start resuming normality of some description”.

Hopes for less restrictions

The wool industry hopes for some lifting of COVID-19 restrictions limiting shearing and crutching to animal welfare reasons only.

Wool fashion event goes online

The WoolOn Creative and Fashion Society is changing tack for its 2020 event in August in response to the COVID-19 global pandemic.

Wool auctions back in action

Wool trading on both sides of the Tasman is back up and running after a cyberattack on industry software provider Talman.

Featured

Get ready for the ‘now’ norm

Get prepared for a ‘Now Normal’ future, says Ian Proudfoot – Global Head of Agribusiness for KPMG – discussing the likely effects of COVID-19 in the months to come.

 

Northland farmers count the costs

Northland farmers are starting to count the cost of one of the most severe droughts to hit the region as the cost of feed and lower prices for stock are the order of the day.

Times will get better for deer sector

While the deer industry faces several challenges in the short term, there will be a strong rebound in New Zealand venison sales once global demand recovers.