Friday, 13 November 2015 09:19

Wool prices steady

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The North Island offering of 5400 bales received strong support with 99% selling.

NZ Wool Services International's North Island offering of 5400 bales received strong support with 99% selling, chief executive John Dawson says.

A similar currency range to last weeks' sale on November 5 saw the weighted indicator down only 0.16% playing a minor role, with awakening Chinese interests and steady enquiry from other sectors underpinning the market.

Dawson advises fine crossbred full fleece and second shears were firm to 4.5% dearer, with the shorter types supported the most.

Coarse full fleece were also firm with shears 1 to 2.5% stronger.

Oddments were generally firm. There was strong competition with China, Australasia and Western Europe principals, supported by India, Middle East and the United Kingdom.

The next sale on November 19 comprises about 5700 bales from the South Island.

More like this

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

Wool Impact CEO Andy Caughey calls for greater use of natural fibres in NZ buildings

Andy Caughey of Wool Impact says a lot of people in NZ have been saying it's crazy that we are not using natural fibres in our buildings and houses.

Government mandate to double NZ wool use, says Wool Impact CEO

The annual domestic utilisation of wool will double to 30,000 tonnes because of the edict that government agencies should use woollen fibre products in the construction of new and refurbished buildings.

Getting sheep shape at Pyramid Farm

The vineyards at Pyramid Farm in Marlborough’s Avon Valley have never been run of the mill, with plantings that follow the natural contours of the land, 250 metres above sea level.

Wool pellets to boost gardens

With wool prices steadily declining and shearing costs on the rise, a Waikato couple began looking for a solution for wool from their 80ha farm.

Featured

New floodway upgrade completed to boost flood protection for Edgecumbe

A major floodway infrastructure upgrade has been completed in Edgecumbe, providing enhanced flood protection and resilience for the local community.

Ruralco donates $10,000 to Mid Canterbury Rural Support Trust after Golf Classic

Rural retailer Ruralco says it has made a $10,000 donation to the Mid Canterbury Rural Support Trust (MCRST) following the Ruralco Golf Classic held last month.

Farmers reject ruminant methane strategy

According to a new farmer survey, many farmers are rejecting New Zealand’s current ruminant methane strategy.

Langfords crowned Share Farmers of the Year

As the New Zealand Dairy Industry Awards night unfolded, it became evident that Waikato’s Thomas and Fiona Langford were the frontrunners for the biggest prize of the night – the 2025 Share Farmers of the Year award.