Thursday, 03 March 2016 19:19

Wool market remains strong

Written by 
The wool market remains strong. The wool market remains strong.

The wool market in both the North and South Island continues to show resilience.

New Zealand Wool Services International Limited chief executive officer John Dawson says that new business and shipping requirements for older contracts combined to keep all types well supported.

Crossbred Fleece types ranged from 1% cheaper to 5% dearer across both Islands, as did Second Shear and Lamb types.

Good competition prevailed with China, Western Europe and Australasia dominating.

The next sale takes place on 10 March in the South Island only. It will consist of approximately 8,000 bales.

More like this

Birth woes

OPINION: What does the birth rate in China have to do with stock trading? Just ask a2 Milk Company.

Cold comfort

One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact that, now more than ever, US farmers are being propped up by government welfare – a direct result of Trump’s hardline on its trading partners.

Strong wool eyes China

China looks set to play a key role in helping the New Zealand wool sector shift away from trading as a commodity supplier.

Featured

National Lamb Day Returns on February 15

National Lamb Day returns this Sunday, 15 February, with Beef + Lamb New Zealand Inc calling on Kiwis to fire up their barbecues and celebrate the people and the product that put New Zealand on the world map.

» Latest Print Issues Online

The Hound

Bulldust!

OPINION: Here w go: the election date is set for November 7 and the politicians are out of the gate…

No good news?

OPINION: ECan data was released a few days ago showing Canterbury farmers have made “giant strides on environmental performance”.

» eNewsletter

Subscribe to our weekly newsletter