fbpx
Print this page
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

Saving stock worth it for farmer

Saving stock worth it for farmer

Central Hawkes Bay sheep and beef farmer Craig Preston has spent a huge sum of money buying feed for his stock rather than sending them off to the works – but says it’s worth the money. 

Getting hoggets ready for breeding

While breeding hoggets can potentially increase the number of lambs weaned and income – it needs to be well managed to be successful.

Featured

Get ready for the ‘now’ norm

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.