Friday, 07 October 2016 12:15

Wool sale steadies

Written by 
The weighted indicator eased 1.1%, giving a small amount of support to local prices. The weighted indicator eased 1.1%, giving a small amount of support to local prices.

The South Island sale of 8565 bales comprising a wide range of wool types saw good support with 78% of the offering selling. 

NZ Wool Services International Ltd’s chief executive John Dawson reports the a weakening NZ dollar compared to the main trading currencies saw the weighted indicator easing 1.1% compared to last week, giving a small amount of support to local prices.

Dawson advises pressure for quick shipment of orders and the diverse wool types on offer attracted good support, helping underpin the market.

Compared to last time offered at the South Island sale on September 22 merino fleece 16 to 19 microns were firm to 1.5% cheaper with 20 to 23 microns generally 1.5% easier and mid micron fleece 25 microns were 1% dearer with 25.5 to 29 microns 1 to 4% cheaper.

Compared to the North Island sale on September 29 fine crossbred fleece 32 to 35 microns were firm with early shorn and second shears 3 to 5 and 3 to 4 inches also remaining firm. Shears 2 to 4 inches were 2 to 3.5% cheaper with 2 to 3 inches firm to 1% cheaper.

Coarse crossbred full fleece were firm for good colour and 1% dearer for average colour.

Longer coarse shears were firm with 2 to 4 inches 3.5 to 5.5% cheaper and 2 to 3 inches 2.5% easier.

Short oddments were 4 to 6% cheaper with faulted lines discounted the most.

The next sale on October 20 comprises about 5600 bales from the North Island and 8150 bales from the South Island.

More like this

Govt invests in wool

The Government says it is investing to create new product categories and new international markets for strong wool and is calling on Kiwi businesses and consumers to get behind the environmentally friendly fibre.

Pillow talk takes action

A call from her daughter prompted well-known Hawke's Bay wool broker and enthusiastic wool promoter Philippa Wright to set up a new venture - making wool pillows.

Aussie's loss is NZ's gain

In a twist on the usual formula, Australia fears a shortage of shearers in that country after New Zealand shearers return home once our borders reopen.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

No free ride!

OPINION: This old mutt is getting somewhat tired of multi-national, tax-dodging, fund-raising group Greenpeace always given front and centre mainstream…

How come?

OPINION: A mate of yours truly is questioning exactly why the Māori ag sector have been given special budget funding by…

» eNewsletter

Subscribe to our weekly newsletter