Friday, 09 March 2012 09:13

Dollar drop lifts wool prices

Written by Pamela Tipa

font size decrease font size increase font size
Print
Email

The North and South Island Wool auction comprising 26,000 bales saw a firm to dearer market with a 90.3% clearance, New Zealand Wool Services International Ltd's marketing executive, Malcolm Ching says.

The weighted indicator for the main trading currencies compared to the last sale on March 1 dropped by 1.86 %, underpinning prices for one of the season's largest single day offerings.

Ching advises Fine Crossbred Fleece and Shears ranged from firm to 5% dearer, supported by steady Chinese interest.

Coarse Crossbred Fleece was 1 to 3% stronger with Coarse Shears firm to 3% dearer. First Lambs were firm to 2% dearer, except some of the shorter types in the South Island which eased up to 1%. Oddments ranged from firm to 4% stronger.

Good competition was reported with China, Australasia and Middle East principal buyers, supported by Western Europe, United Kingdom and India.

The next sale on March 15 comprises about 7300 bales from the South Island.

More like this

Oral-free rams sell well

Oral-free rams sell well

Prices were up on average $400 at the 30^th Annual Kikitangeo Romney stud ram sale.

Getting on top of a lousy problem

Getting on top of a lousy problem

For strong wool sheep, lice infection is a nuisance more than a hefty financial cost. But, for fine wool sheep the financial toll is much greater.

Small profit for Wools NZ

The Wools of NZ board considers its 2019 financial outcomes to be satisfactory given “the first year as a fully commercial company, operating in a very challenging wool market”.

A fine win for NZ Merino

NZ Merino took out the Supreme Award at the 2019 New Zealand International Business Awards.

Peters accused of pulling wool over growers’ eyes

What happened to the New Zealand First policy of favouring wool in Government procurement contracts?

Popular Reads

Government moves into halal accreditation

State-owned food certifier AsureQuality is stepping into halal audit and accreditation.

Honour well deserved, say sharemilkers

The New Zealand order of merit awarded to Tirau farmer Tony Wilding in the New Years Honours List has been…

Fonterra unaffected by Oz bushfires

Fonterra says its factories and farmers remain largely unaffected by devastating fires affecting Victoria and New South Wales.

Making good use of green water

Reporoa farmer Alistair Neville is using the Tow and Fert range for more environmentally-friendly farming practices.

Analysis of regenerative ag needed

OPINION: The groundswell supporting the restoring powers of regenerative agriculture is mostly based on examples from overseas.

Featured

Days of record commodity prices over — Penny

After 2019’s record highs, farmers should expect less spectacular NZ commodity prices this year, says ASB senior rural economist Nathan Penny.

Overseer complaints wide of the mark

Chief executive of Overseer, Caroline Read responds to negative claims by Taranaki Regional Council.

Keeping your farm protected

Biosecurity isn't just about border control at the airport or ports, writes Nita Harding, DairyNZ technical policy advisor.

Disease likely to curb pork import — report

The worsening outbreak of African swine fever throughout Asia and Europe has created a rare opportunity for New Zealand meat producers.

Government moves into halal accreditation

State-owned food certifier AsureQuality is stepping into halal audit and accreditation.

Breakfast, lunch and muster all on menu

The East Coast Farming Expo is promising an exciting new line-up in 2020.

» Latest Print Issues Online

ruralnewscover

dairynewscover

winegrowercover

The Hound

Appropriate

Your canine crusader reckons it is ironic – and highly appropriate – that Shane Jones’ $3 billion electoral slush fund…

Funny names

Over the years, a mate of the Hound’s has always been quick to point out to him people in roles…

» Connect with Rural News

RSS Facebook Twitter