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

Wool auctions back in action

Wool trading on both sides of the Tasman is back up and running after a cyberattack on industry software provider Talman.

Featured

Rain eases drought worries

Farmers on the lower east coast of the North Island have welcomed heavy rains, which have fallen in the last week.

 

New chair for Ballance

Former Fonterra Shareholder Council chairman Duncan Coull has been elected as the new chair for Fertiliser co-operative Ballance Agri-Nutrients.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Flying high

This old mutt would like to know how the sanctimonious Green Party and its MPs can continue to lecture everyone…

Put it down

Your canine crusader notes that the woke folk at Landcorp – sorry Pāmu – were recently crowing about recording a…

» eNewsletter

Subscribe to our weekly newsletter