Friday, 25 January 2013 11:25

Wool market softens

Written by 

The combined North and South Island Wool Sale offering of 16,850 bales saw a softening in price levels as pressure from urgent shipping requirements came off, New Zealand Wool Services International Ltd's general manager John Dawson says.

 

Some grower resistance was evident as the passing levels indicated at 13%. Fine Crossbred Fleece and Early Shorn decreased overall by up to 1.5%. Coarse Crossbred Fleece 37 to 39 micron reduced 1.5 to 2% in the South Island while in the North Island declined by 2.5 to 5%.

Coarse Crossbred Early Shorn and Second Shear reduced 2.5 to 5%. First Lambs were mainly offered ex North Island, these retraced their levels from the previous week declining 5%. Crossbred Oddments both Combing and Carding were 1 to 2% cheaper.

China is the dominating participant while Australasia, Western Europe and to a limited support were India and the United Kingdom.

The next sale on January 31 comprises about 9000 bales from both the North and South Islands totalling 18,000.

More like this

Luxury garments from ‘stroppy’ sheep

Exclusive collections of fabrics and knitwear now being launched in the UK trace back to a very small but stroppy sheep farmed in the South Island and parts of Australia.

South Island wool bounces

Despite a strengthening NZ dollar, the varied selection at this week's South Island auction attracted strong support.

Wool provides life-saving calf covers

With five million calves expected in the next eight weeks, it is a busy season for Christchurch firm Woolover, which makes wool covers for calves, lambs and kids, and for adult animals.

The Hound

Seriously, Lincoln?

Your canine crusader had to giggle at the latest spin coming out of Lincoln University, now engulfed in a financial…

Not so GE-free

The Hound had to shake his head at the performance of the Hastings District Council (HDC) and the debacle it…

 

» Connect with Rural News

 

» Events Calendar

 

Markets

South Island wool bounces

South Island wool bounces

Despite a strengthening NZ dollar, the varied selection at this week's South Island auction attracted strong support.

Wool market steady

Wool market steady

The North Island wool auction received revived support this week with an improved 81% of the 5700 bales selling.