Thursday, 29 October 2015 15:26

Wool prices still down

Written by 

Wool prices eased for most types again this week for the North Island, says NZ Wool Services International marketing executive, Malcolm Ching.

The North Island offering was at 6,100 bales with 90 % of the selection sold with most growers meeting the market.

Compared to the last sale on 22nd October, the weighted indicator for the main trading currencies firmed by 0.47%.

This had minimal impact as restricted demand continues to be the main market driver.

Fine Crossbred Full Fleece eased 1.5 to 4% with shorter types ranging from firm to 4% cheaper.

Good colour Coarse Full Fleece came down 3.5% with longer shears 1.5 to 4% easier.

Shorter Shears fared better as local demand underpins them, with 3 to 4 to 2 to 3 inch wools firm to buyers favour.

Good colour Short Oddments were 3.5% easier.

There is limited competition with Europe and China principals for the fine crossbred wools and Australasia is dominating the coarse wools. Limited support from elsewhere.

Next sale on 5th November comprises of approximately 5,400 bales from the South Island.

More like this

Carpet maker Bremworth set for 'sustained growth'

Wool carpet and rug manufacturer Bremworth says it’s emerging from a period of significant transformation, rebuilding from damage caused by Cyclone Gabrielle and moving away from synthetics to the production of wool carpets and rugs.

Chinese wool deal to target counterfeiters

Farmer-owned wool fibre and carpet producer Wools of New Zealand hopes that its new partnership with a major Chinese carpet and rug manufacturer will help combat counterfeiters in the global market and highlight the prestige of New Zealand wool to Chinese consumers.

Featured

Support welcomed for southern farmers

Federated Farmers says it welcomes the announcement of extra Government support for farmers and growers in Southland and parts of Otago after the region was hit by severe wet weather.

Tatua’s $10.50/kgMS tops, again!

Waikato-based milk processor Tatua has announced a final 2023-24 season payout of $10.50/kgMS for its farmer shareholders, again topping the payout stakes among NZ milk processors.

Will silver turn to gold for state farmer?

Tucked away in a remote part of the central North Island, staff at a Pāmu (Landcorp) farm are working hard to solve one of the biggest challenges facing the dairy and beef sectors.

» Latest Print Issues Online

The Hound

Gun-shy

OPINION: Listening to the hysterical reportage of gun law reforms being pushed through by Associate Minister of Justice Nicole McKee,…

Beware groupthink

OPINION: Massey University has long been, and still is, a core part of the NZ farming scene, training the next…

» eNewsletter

Subscribe to our weekly newsletter