Friday, 23 November 2012 08:44

Wool holds its ground

Written by Pamela Tipa

font size decrease font size increase font size
Print
Email

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

Lanaco and Blueair Launch World-First NZ Wool Air Filter

New Zealand wool is reaching new heights as air filtration companies move away from synthetic products to biodegradable alternatives.

Wool Impact and Campaign for Wool NZ Merge to Form Collective

Will a stronger, more coordinated voice help rebuild confidence and improve returns in the wool sector?

Editorial: Wool's Back in the Black

OPINION: Confidence in the wool sector is rebounding as prices hit levels not seen in more than 15 years.

NZ-India FTA Opens New Opportunities for Strong Wool Trade

The recently signed free trade agreement with India is an invitation to strengthen relationships between the New Zealand and Indian strong wool industries, says Wool Impact chief executive Andy Caughey.

New Zealand Wool Prices Hit Highest Levels Since 2011 Amid Tight Supply and Surging Demand

Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.

Featured

Egmont Honey Buys Tweeddale's, Now NZ's Biggest Apiary

New Plymouth-based Manuka honey exporter Egmont Honey has completed its acquisition of Taihape beekeeping business Tweeddale's Honey, with settlement finalised on Friday, 18 September.

Westpac Urges Farmers to Prepare Now for El Niño Drought

Westpac NZ is calling on farmers and growers to start preparing now for the possibility of a dry summer, as likely El Niño conditions raise the risk of drought across parts of the country.

Fonterra Names Four Independently Assessed Director Candidates

Fonterra Co-operative Group has confirmed the independently assessed candidates standing for election to its board in 2026.

Fonterra Lifts Milk Price to $9.50/kgMS for 2026/27

Fonterra has revised its Farmgate Milk Price forecast for the 2026/27 season, lifting the midpoint and narrowing the range on the back of improving global dairy commodity prices.

NZ Citrus Growers Urged to Compete on Value, Not Volume

New Zealand's citrus growers were challenged to build their future on the value embedded in their fruit rather than the volume they produce, at Citrus New Zealand's annual gathering in Gisborne on 17 September.

NZ Technicians Honoured at 2026 John Deere Awards in Brisbane

Leading John Deere technicians and apprentices from New Zealand and Australians were recognised at the recent sixth annual JD Technician of the Year Awards, held in Brisbane.