Thursday, 19 November 2015 15:52

Wool finally on the up

font size decrease font size increase font size
Print
Email

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.

Tagged under

More like this

Hawke’s Bay shepherd seizes his opportunities

Chris Hursthouse (22) is proof you don’t have to grow up on a farm to succeed in farming.

Reducing stress on in-lamb ewes

Most of the ewes that make up the New Zealand ewe flock are high performance animals, many of them sitting on a metabolic knife-edge as they get closer to lambing, says Ben Allot, North Canterbury Vets.

Multi-prong attack in combatting worms

Changes in a farm’s land use or policies which result in it having mostly young livestock could be disastrous in promoting the development of drench resistance.

Championing wool to the world

Telling the story of wool is one of the keys to its resurgence as the global fibre of choice, according to NZ grower owned company Wools of New Zealand.