fbpx
Print this page
Thursday, 31 January 2013 16:30

Wool continues to ease

Written by 

Prices were generally lower for most categories when 19,700 bales went offer from this week's combined North and South Island auction which saw an 80% clearance, NZ Wool Services International Ltd's general manager, John Dawson reports.

The weighted indicator for the main trading currencies weakened 0.96% compared to the last sale on January 24 however this favourable factor had limited impact on local prices.

Dawson advises that mid micron fleece were firm to 4% cheaper. Fine crossbred fleece and longer shears 32 to 35 micron were generally 2 to 4% cheaper with the shorter types 1.5 to 3.5% easier.

Coarse crossbred fleece were 2.5 to 6% weaker with the coarser, poorer styles affected the most.

Coarse shears were generally 2 to 6% cheaper except a small offering of the shorter types in the South Island which were between firm and 4.5% stronger.

First lambs were 2 to 4% cheaper. Longer coarse oddments were generally unchanged overall with the shorter types generally 3 to 5% easier.

Overall it was a mixed market with targeted buying between types and selling centres with local shipping requirements playing a major role. Chinese buying will slow now as businesses start closing for the Chinese New Year celebration.

In this latest sale there was limited competition with China the principal, supported by Australasia, Middle East, India, Western Europe and the United Kingdom. The next sale is on February 8 comprises about 8100 bales from the North Island and 6200 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

State farmer opens pathway to ownership for more Kiwis

In a landmark move, the state-owned farmer Pāmu (Landcorp) is making four of its 44 dairy farms available for people wishing to take up various contracts including herd-owning, share milking, variable order share milking and contract milking.

National

Machinery & Products

Landpower increases its offering

Landpower and the Claas Harvest Centre network will launch the Claas Scorpion and Torion material handling solutions to the market…

New F5 balers from McHale

Irish grassland machinery manufacturer McHale has unveiled the new four-model range of F5 fixed chamber balers.