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

Future-proofing NZ's sheep

Beef + Lamb New Zealand Genetics' Low Input Sheep Progeny Trial is identifying the genetics that will future-proof this country's sheep industry.

New wool products seek markets

A new initiative targeting new products and markets for NZ strong wool - with export applications as diverse as cosmetics and printing - has recently been launched.

Wool legal wrangle

Carpet maker Cavalier is facing the wrath of American-owned rival Godfrey Hirst over the Kiwi company's push to promote more woollen products.

Drenching - doing it right

Effective and accurate drenching is important for animal health and productivity. It needs strategic decision making and should be part of a parasite management plan.

Shedding Wiltshire's anti wool appeal

Of all the projects Massey University's School of Agriculture has been involved in over the years, it's never had such interest as it has in its Wiltshire breeding programme.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Dirty tricks?

OPINION: An email from Fed Farmers' president Andrew Hoggard to Ag Minister Damien O'Connor saying some unkind things about the…

Greenwashing!

OPINION: A mate of the Hound's wants to know what's happened to meat company Silver Fern Farms and its latter…

» eNewsletter

Subscribe to our weekly newsletter