Friday, 22 July 2016 14:36

Wool market steady

Written by 
The North Island wool auction received revived support this week with an improved 81% of the 5700 bales selling. The North Island wool auction received revived support this week with an improved 81% of the 5700 bales selling.

The North Island wool auction received revived support this week with an improved 81% of the 5700 bales selling.

New Zealand Wool Services International Ltd's chief executive, John Dawson reports the weakening NZ dollar across the board saw the weighted currency indicator fall 4.22%.

Despite these positive factors, local prices were still below last week's South Island auction, but only marginally under the last more comparative North Island selection.

Dawson reports that compared to the North Island sale on the July 7, fine crossbred shears ranged from 2% cheaper to 2% dearer. Coarse good colour full fleece were nominally firm with the average style 1 to 2% cheaper.

Coarse crossbred early shorn were 1% cheaper, longer shears firm to 1% dearer with shorter types firm to 2% easier.

Short oddment remained firm.

Limited interest with renewed activity from Western Europe adding a steadying influence, supported by Australasia and the United Kingdom, with India, Middle East and China sparingly.

The next sale on July 28 comprises about 7400 bales from the South Island.

 

More like this

Simmentals first choice

Superior weight gain makes Simmentals the breed of choice for Canterbury sheep and beef farmer Mark Copland.

Integrating sheep onto vineyards

With 27 million sheep in New Zealand it is not surprising that a number will end up in amongst the country’s 37,000 hectares of grapes.

 
 

» Latest Print Issues Online

The Hound

No grandstanding

The Hound, like everyone else in New Zealand, was shocked and stunned by the senseless shootings in Christchurch last month.

Harsh, but true

Well-known South Canterbury dairy farmer John Gregan questioned BLNZ chair, at last month’s annual meeting, Andrew Morrison about his organisation’s…

 
 

Popular Reads

No longer so sure about BW

OPINION: Breeding worth (BW) was introduced decades ago and has served farmers well as a breeding guide – or has…

 
 
 

Rural Life

Collaboration increases capability

Initially designed to assist fertiliser spreading trucks operating on steep New Zealand hill country, TracMap’s GPS guidance and job management…

Tractor for tight spaces

Italian specialist tractor manufacturer SAME, part of the SDF Group, used the recent EIMA 18 Expo in Bologna, to roll…