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

Declining NZ wool quality raises concerns for exporters, says Patterson

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

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.

Popular Reads

25 years on - where are they now?

To celebrate 25 years of the Hugh Williams Memorial Scholarship, Ravensdown caught up with past recipients to see where their…

Ngāi Tahu freshwater case could reshape farming and rural communities

Ngai Tahu's legal action seeking self-determination (rangatiratanga) over fresh water could have huge implications for the future of farming, the…

Taranaki dairy farms saved by $10/kgMS payout

Only this season’s $10/kgMS bumper payout has saved some dairy farms along the Taranaki coast from absolute disaster due to…

Farmers Advised to Look Beyond Palm Kernel Price When Buying Supplementary Feed

When buying supplementary feeds, farmers need to consider the entire package on offer – service, freight and all the components…

Farmers reject ruminant methane strategy

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

Featured

Fieldays team set to deliver an exciting four-day event

Newly appointed National Fieldays chief executive Richard Lindroos says his team is ready, excited and looking forward to delivering the four-day event next month.

Rabobank Ag Pathways Programme trains NZ farmers in business skills

More than 70 farmers from across the North and South Islands recently spent a dayand- a-half learning new business management and planning skills at Rabobank Ag Pathways Programmes held in Invercargill, Ashburton and Hawera.

Digital 'SOS' billboards take farmers' message to the Beehive

Government ministers cannot miss the ‘SOS’ – save our sheep call - from New Zealand farmers.

Tax expert hails 20% deduction as golden opportunity for agribusiness investment

A tax advisory specialist is hailing a 20% tax deduction to spur business asset purchases as a golden opportunity for agribusiness.

Sheep and beef farmers approve FMD readiness agreement with government

Sheep and beef farmers have voted to approve Beef + Lamb New Zealand signing an operational agreement between the agricultural sector and the Government on foot and mouth disease readiness and response.

NZKGI CEO Responds to Waikato Professor’s Kiwifruit Sector Report

The head of the New Zealand Kiwifruit Growers organisation NZKGI says the points raised in a report about the sector by Waikato University professor Frank Scrimgeour were not a surprise.