Print this page

Friday, 13 November 2015 09:19

Wool prices steady

Written by Rural News Group

font size decrease font size increase font size

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

Saibosi partners with Wools of New Zealand to showcase farm-to-floor wool rugs in China

Saibosi partners with Wools of New Zealand to showcase farm-to-floor wool rugs in China

Chinese textile company Saibosi has partnered with Wools of New Zealand to put the 'farm to floor' story of New Zealand wool rugs on screen for its customers.

A big win for wool!

A big win for wool!

State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.

Declining NZ wool quality raises concerns for exporters, says Patterson

A deterioration in the quality of New Zealand's wool clip is a problem for manufacturers and exporters, says Associate Agriculture Minister Mark Patterson.

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.

Popular Reads

Open Country Dairy prepares to launch first commercial butter

The country's second largest milk processor hopes to produce its first commercial butter within two months.

'Grand Alliance' growing grass-fed beef exports to China

Alliance Group and Grand Farm have signed a strategic co-operation agreement with a focus on delivering more premium New Zealand…

Halter raises $165m, company valued at $1.65b

New Zealand tech company Halter has raised $165 million from investors in its latest fundraising round.

ASB launches new loan to help NZ farmers switch to solar power

As electricity prices soar, farmers appear to be looking for alternative energy sources.

Outrage won't pay the bills

OPINION: Across rural conversations, we're heading the same tune: crisis.

Featured

NZ arable farmers face global profitability pressures

Profitability issues facing arable farmers are the same across the world, says New Zealand's special agricultural trade envoy Hamish Marr.

Fonterra launches $1500 on-farm funding for eligible farmers

Over 85% of Fonterra farmer suppliers will be eligible for customer funding up to $1,500 for solutions designed to drive on-farm efficiency gains and reduce emissions intensity.

NZ red meat exports up 6% as global supply tightens

Tighter beef and lamb production globally have worked to the advantage of NZ, according to the Meat Industry Association (MIA).

Groundswell ramps up ‘Quit Paris’ campaign across New Zealand

Groundswell is ramping up its 'Quit Paris' campaign with signs going up all over the country.

Nelson farmers face years of recovery after floods

Some farmers in the Nelson region are facing up to five years of hard work to repair their damaged properties caused by the recent devastating floods.

Federated Farmers reject call to leave Paris Agreement

Federated Farmers is joining major industry-good bodies in not advocating for the Government to withdraw from the Paris Agreement.