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THE NORTH Island sale saw wool prices continue their upward trend, New Zealand Wool Services International Ltd's general manager, John Dawson reports.
With interest still continuing from China and pressure for exporters to meet shipping requirements, wool prices climbed to higher levels than expected.
The trade weighted currency index moved from 0.7269 to 0.7071 down 2.72%. This also contributed to today's lift.
Compared to the last North Island Sale on the September 18 a nominal offering of coarser crossbred fleece was 4% dearer.
Fine crossbred fleece 34 and 35 micron 4 to 6 inch rose 6 to 7% while 36 micron lifted up by 5%.
Fine crossbred early shorn and second shear 32 and 33 micron 3 to 5 inch rose by 2.5%, 33.5 to 36 micron 3 to 5 inch was 5% dearer, 31 to 36 micron 3 to 4, 2 to 4 and 2 to 3 inch were 5 to 7% dearer while 34 to 36 micron 2 to 4 inch rose 12%.
Coarse crossbred early shorn and second shear 38 micron and coarser 3 to 4 and 2 to 4 inch climbed 9%.
Crossbred combing oddments remained firm while clothing oddments, average style were 2.5% dearer and poor style 6.5% dearer.
The next sale on the October 9 comprises about 8900 bales from the South Island.
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.
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