Friday, 13 November 2015 09:19

Wool prices steady

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

Hype or Holy Grail?

Merino farmers need to be sure of their evidence if they are to embrace a regenerative agriculture label, says Lincoln University Professor Jon Hickford.

Wool-less Wiltshires prove popular

A seemingly never-ending plunge in strong wool prices is proving to be a boon for a sheep breed that doesn’t produce the increasingly worthless fibre – the Wiltshire.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Blue murder

OPINION: Your old mate recently read an off-the-wall suggestion, by some boffin, that deliberately staining meat blue will lead to…

Foot in mouth - again!

OPINION: This old mutt reckons Agriculture Minister Damien O'Connor too often suffers from 'foot in mouth' disease.

» eNewsletter

Subscribe to our weekly newsletter