Thursday, 03 March 2016 19:19

Wool market remains strong

Written by Rural News Group

font size decrease font size increase font size

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

China’s new beef tariffs expected to favour New Zealand exporters

Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.

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.

Top wool advocate bales out

The conversion of productive farmland into trees has pretty much annihilated the wool industry.

Blank Canvas rides white wine wave as New Zealand wine sales soar in China

If you find a new consumer in a developed wine market, you are taking them from someone else, says Blank Canvas co-founder Sophie Parker-Thomson MW.

Featured

Mike Siermans confirmed as Federated Farmers chief executive

Federated Farmers has confirmed interim chief executive Mike Siermans to the role.

Registrations open for 2026 Ruralco Golf Classic supporting Mid Canterbury Rural Support Trust

Registrations are now open for the 2026 Ruralco Golf Classic, with all proceeds from the event set to support the Mid Canterbury Rural Support Trust.

Beef Progeny Test strengthens NZ beef genetics

Mating wrapped up last month at the across-breed Beef Progeny Test on Pāmu’s Kepler Farm in Manapouri.

Libby Judson: Keeper of rural memories from a bygone era

Libby Judson is a keeper of memories from an age gone by. Tim Fulton tells her story.

New Zealand native tree study strengthens Bioeconomy Science Institute’s forestry leadership

A New Zealand-first native tree study has highlighted the Bioeconomy Science Institute's position as a forestry research leader.

Rubisco to relocate hemp fibre processing to Ashburton in $30m expansion

Hemp fibre processor Rubisco is relocating its core processing facility to Ashburton as part of a $20-$30 million expansion to leverage what it says is an accelerating global demand for sustainable and renewable fibres.