Thursday, 22 January 2015 15:59

Wool prices stronger at North Island sale

Written by 

The North Island sale saw prices lift on the back of a weaker New Zealand dollar and steady off-shore interest, NZ Wool Services International Ltd's marketing executive, Paul Steel, reports.

 Of the 10,000 bales on offer 97% sold. The weighted indicator for the main trading currencies compared to the last sale on January 15 was down 1.63%.

Steel advises fine crossbred fleece and shears were 1 to 4% dearer.

Coarse crossbred fleece were 1 to 3% stronger with shears generally firm to 2% dearer.

First lambs finer than 27.5 micron came under strong competition, lifting 7% with the balance 1.5 to 2.5% stronger.

Long oddments were 4 to 6% dearer with short good colour oddments firm and poorer styles up 4%.

There was well spread interest with China, India and Australasia dominating, supported by Western Europe, Middle East and the United Kingdom.

The next sale on January 29 comprises about 9,000 bales from the North Island and 12,800 bales from the South.

More like this

On a mission to add value to wool

While wool returns continue in the doldrums, smart sheep farmers are looking for alternatives for a product that currently cost more to get off a sheep's back than it's worth. One such initiative is run by husband and wife team Hayden and Anastasia Tristram who farm at Wanstead in the Central Hawke's Bay. Mark Daniel reports.

Wool petition hits Parliament

South Canterbury farmer Angela Blair has delivered a petition to Parliament calling on the Government to reverse its decision to fit rural schools with synthetic carpet.

Featured

Rural Change to merge with RST

The Rural Change programme, providing free private mental health professional sessions to the rural industry, is set to continue its next chapter within Rural Support Trust from 1 July 2024.

Strong growth in farm salaries - report

A new report shows farm employers across the dairy, sheep and beef, and arable sectors have continued to invest strongly in one of their greatest assets – their staff.

National

Celebrating success

The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole…

Machinery & Products

Factory clocks up 60 years

There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally…

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.

» Latest Print Issues Online

The Hound

Cut with care

OPINION: The new government has clearly signalled big cuts across the public service.

Bubble burst!

OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter