Thursday, 19 November 2015 15:52

Wool finally on the up

Written by 
Most wool categories were well supported. Most wool categories were well supported.

New Zealand Wool Services International's chief executive John Dawson says a slightly easier NZ dollar and limited wool volumes combined with steadier enquiry, saw most categories well supported.

Of the 5,700 bales on offer, 92% sold.

The weighted indicator for the main trading currencies compared to last sale weakened 0.94%, helping underpin local prices.

Dawson advises that compared to the sale on 5th November, Merino Fleece were generally firm to 2% dearer. Mid Micron Fleece were firm to 3% dearer.

Compared to the 12 November sale, Fine Crossbred Fleece were 1 to 4% dearer, longer shears firm to 4% dearer and shorter types firm to 2.5% easier.

Coarse Crossbred Full Fleece were up to 1.5% dearer.

Long Coarse Shears and very short shears eased 1.5% with 3 to 4 and 2 to 4 inch shears firm to 1.5% firmer.

Oddments were 3 to 6% dearer.

Good competition with China principals, supported by Western Europe and Australasia with limited interest from elsewhere.

Next sale on 26November comprises approximately 5,900 bales from the North 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.

Featured

Elite sheep dogs to go head-to-head at Ashburton A&P Show

A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.

Safer Rides initiative boosts farm quad bike safety

According to a new report, the Safer Rides initiative, which offered farmers heavily discounted crush protection devices (CPDs) for quad bikes, has made a significant impact in raising awareness and action around farm vehicle safety.

Editorial: Farewell Jim

OPINION: In the past weeks, much has been said and written about one of New Zealand's greatest prime ministers, James Brendan Bolger, who died just a few months after his 90th birthday.

» Latest Print Issues Online

The Hound

Red faced

OPINION: The Greens have taken the high moral ground on the Palestine issue and been leading political agitators in related…

Cold comfort

One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact…

» eNewsletter

Subscribe to our weekly newsletter