Friday, 18 September 2015 11:23

Wool market eases

Written by 

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.

More like this

Rabobank: China Quotas, Brazil Risk to Reshape Beef Trade

Chinese beef trade quotas and a looming suspension of Brazilian beef imports into the European Union are expected to reshape global beef trade flows over the remainder of 2026, with implications for New Zealand exporters, according to Rabobank's Q3 Global Beef Quarterly report.

Featured

Editorial: Drones Are Not Toys

OPINION: David Seymour and James Meager's plan to make it easier for farmers and orchardists to operate drones can best be described a 'courageous' move.

Opuha Dam Commissions New Valve in Major Flood Safety Upgrade

Opuha Dam's ability to protect South Canterbury communities from major flooding has taken a significant step forward, with Opuha Water Limited (OWL) successfully commissioning a new outlet valve capable of releasing record volumes of water from the dam ahead of a weather event.

» Latest Print Issues Online

The Hound

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities…

UK Warning

OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in…

» eNewsletter

Subscribe to our weekly newsletter