Friday, 23 November 2012 08:44

Wool holds its ground

Written by 

The 10,600 bales of South Island wools on offer this week saw a generally solid market and an 82% clearance, New Zealand Wool Services International Ltd's general manager, John Dawson says.

The weighted indicator for the main trading currencies strengthened slightly by 0.14%, having no effect on the market.

Dawson says merino fleece prices when compared to last sold on November 8, 18 micron and finer eased 3 to 4% bringing them to the same market level as their Australian counterparts.
Mid Micron Fleece 26 to 28 micron were firm to 1% dearer with 28.5 to 31.5 microns 2 to 5% stronger.

Compared to the last sale on November 15, fine crossbred fleece 32 to 35 micron were firm to 4% dearer. Longer shears were 2 to 4% stronger with shorter types generally firm.
Coarse crossbred fleece 36 micron and coarser were firm to 1% dearer. Longer shears were firm to 3% stronger with 2 to 4 inch firm and shorter types 1 to 2% easier.
Oddments were firm to 3% stronger.

There was competition with China, India and Western Europe principals, supported by United Kingdom, Middle East and Australasia. The next sale on November 29 comprises about 8500 bales from the North Island.


More like this

Championing wool to the world

Telling the story of wool is one of the keys to its resurgence as the global fibre of choice, according to NZ grower owned company Wools of New Zealand.

Shearing and wool courses

New ‘micro-credentials’ in wool harvesting will help meet a critical need to train shearers and wool handlers, claims Primary ITO chief executive Linda Sissons.

$2b pay off in fine wool shift – NZM

Shifting half of New Zealand’s crossbred wool clip to higher value fine wool contracts could boost the economy by about $2 billion, says NZ Merino Company (NZM) chief executive John Brakenridge.

Wool man launches anti-synthetics petition

Every time you wash synthetic clothes, micro fibres of plastic are washed into the waterways, says Devold Wool Direct general manager and member of the International Wool Textile Board, Craig Smith.


» The RNG Weather Report

» Latest Print Issues Online

The Hound

Quota watch

The Hound understands that Mike Petersen’s time as NZ agriculture’s special trade envoy will soon end.

What a jerk

Your old mate notes that serial whinger Mike Joy continues to put the boot into the farming sector.

» Connect with Rural News