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

Wool petition hits Parliament

South Canterbury farmer Angela Blair has delivered a petition to Parliament calling on the Government to reverse its decision to fit rural schools with synthetic carpet.

NZ wool spun into accessories

Top quality wool from sustainably farmed New Zealand sheep is helping create luxurious everyday essentials including overnight bags, totes, and wallets.

Featured

Sheep drench resistance costly

Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Hurry up and slow down!

OPINION: We have good friends from way back who had lived in one of our major cities for many years.

» Latest Print Issues Online

The Hound

Why?

OPINION: A mate of yours truly wants to know why the beef schedule differential is now more than 45-50 cents…

Fat to cut

OPINION: Your canine crusader understands that MPI were recently in front of the Parliamentary Primary Sector Select Committee for an…

» eNewsletter

Subscribe to our weekly newsletter