Friday, 24 July 2015 09:55

Wool market buoyant

Written by 

Wool markets remain steady with the latest sale seeing increases of 1 to 2% overall, says NZWSI general manager, John Dawson.

The sale of 6,617 bales was a good result, he says, with an offering of 52% Coarse Crossbred Early Shorn and Second Shear types.

There was good demand for shorter Second Shear types 2 to 3 inch 32 to 35 micron as buyers bid to cover Chinese orders.

The trade-weighted indicator was little changed from the last wool sale on 16th July.

Compared to the South Island sale on 16th July, Fine Crossbred Early Shorn and Second Shear types 3/5 and 3/4 inch were 1% dearer.

A limited offering of Coarse Crossbred Fleece wools were up 1%. Coarse Crossbred Early Shorn and Second Shear 37 to 39 micron 3/5 to 2/4 inch were 1% dearer, while 2/3 inch were firm.

A nominal offering of Crossbred Combing Oddments were in Sellers Favour, while good colour Clothing Oddments increased by 2% with poorer colour remaining firm.

Competition was widespread with China dominating.

Next sale on 30th July comprises approximately 8,000 bales from the South Island.

More like this

Firmer prices for better wools

The 5100 bales of South Island wools on offer this week through the Wool Services International auction saw strong competition and a 90.5% clearance.

Featured

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Hurry up and slow down!

OPINION: We have good friends from way back who had lived in one of our major cities for many years.

Editorial: Passage to India

OPINION: Even before the National-led coalition came into power, India was very much at the fore of its trade agenda.

» Latest Print Issues Online

The Hound

Why?

OPINION: A mate of yours truly wants to know why the beef schedule differential is now more than 45-50 cents…

Fat to cut

OPINION: Your canine crusader understands that MPI were recently in front of the Parliamentary Primary Sector Select Committee for an…

» eNewsletter

Subscribe to our weekly newsletter