increase font size
A firming NZ dollar and more reserved overseas buying combined to lower most prices at this week’s wool auction, says NZWSI.
The weighted currency indicator lifted by 1.04% with 93% of the 6,660 bales on offer selling, says NZWSI marketing executive, Malcolm Ching.
Ching says compared to the South Island sale on September 10, the North Island offering saw fine crossbred full fleece and longer shears ease 4 to 6% with less interest in this sector from the Chinese market currently.
Shorter shears were firm to 1.5% easier, with interest for these types continuing. Coarse full-length fleece were 2.5% cheaper with shears ranging from firm to 3% softer. Oddments were up to 2% easier.
Ching says China continues as the main market influence, supported by Western Europe, Middle East, and Australasia.
The next sale on September 24 comprises about 9,200 bales from the South Island.
The recently signed free trade agreement with India is an invitation to strengthen relationships between the New Zealand and Indian strong wool industries, says Wool Impact chief executive Andy Caughey.
Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.
A collaboration between two New Zealand companies will see wool used as a renewable colour source for 3D printing.
OPINION: A bumper season all around.
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
Horticulture New Zealand’s Board has welcomed the re-election of grower-elected directors Alistair Petrie and Doug Brown.
The bright ideas of New Zealand's primary sector have been celebrated with an announcement of the winners of the 2026 Innovation Awards.
Newly appointed Federated Farmers vice president Sandra Faulkner says she is honoured and excited to hold the role.
New Zealand's top fencers were out in force at National Fieldays this month, demonstrating their skills with the ever-reliable number 8 wire.
New Federated Farmers president Colin Hurst says he will ensure that farmer voices are heard loud and clear wherever decisions are being made.
Paynes Titus Excelsior ET, an LIC bull bred by Brad Payne and Claire Brodie in the Waikato, has won the JT Thwaites Sire of the Season 2026 Award.
OPINION: Central Hawke's Bay farmer Mark Warren recently told the Hawke's Bay Times it's time for a conversation about allowing…
OPINION: A nation that relies as heavily as NZ does on functional global shipping lanes will have to do its…
