Friday, 21 October 2016 11:53

Wool market firms

Written by 

The double auctions in the South and North Islands attracted more interest yesterday.

New Zealand Wool Services chief executive John Dawson reports that the stronger NZ dollar did not stop most types firming in price, the tight supply conditions and a little more interest from China for quick shipment helped to underpin the market.

Compared to the last South Island auction merino, mid micron and fine crossbred fleece was 3-5% dearer.

North Island carpet types were 2-4% dearer.

The next sale on the 27th October will comprise approx. 6,000 bales

 

More like this

Feds back wool levy

In an irony not lost on free-marketers, Federated Farmers — in which farmer membership is voluntary — supports imposing a compulsory levy on all wool growers.

100% NZ wool for Danish carpets

New Zealand wool has now completely replaced British wool for innovative European carpet manufacturer Ege in its printed carpet process.

 
 

» Latest Print Issues Online

The Hound

Pull your heads in

The Hound was disappointed but not surprised to see the multi-national, tax-dodging environmental group Greenpeace have another crack at NZers…

Unfortunate timing

Your old mate reckons Fonterra is not the only dairy company in NZ now under pressure.

 
 

Popular Reads

Wilson farewelled in Hamilton

Former Fonterra chairman John Wilson was farewelled in Hamilton today by family, co-op colleagues, farmers and friends.

New technology will help

Blockchain and distributed ledger technologies have the potential to help our primary industries capture high-value niches, according to a new…

 
 
 

Rural Life

Ozone in the vineyard

The word ozone conjures up images of big holes in the atmosphere, stronger UV light, the risk of severe sunburn…

Drones versus birds

Drones may soon be joining the armoury of weapons used to scare birds away from ripening grapes  after a trial…