Print this page
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.

Tagged under
 

More like this

Integrating sheep onto vineyards

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.

Feds back wool levy

In an irony not lost on free-marketers, Federated Farmers — in which farmer membership is voluntary — supports imposing a compulsory levy on all wool growers.