Friday, 18 May 2012 10:57

Wool holds steady

Written by 
Wool holds steady

The 7,900 bales of North Island wool on offer this week saw a 68.7% clearance with a generally firm to dearer trend, New Zealand Wool Services International Ltd's general manager, John Dawson reports.

The weighted indicator for the main trading currencies eased 1.93% compared to the last sale on May 10.

Dawson advises a nominal offering of fine crossbred fleece was well supported, lifting by 3 to 3.5%. Coarse second shears remained firm. Lambs Fleece 2/4 inches and longer were firm to 1% stronger with the shorter types firm to 1.5% easier.

All oddments generally remained firm however direct comparison between the North and South Island types this season is difficult to achieve.

Limited competition with China dominating, supported by Western Europe, Middle East and India.

Next sale on May 24 comprises a reduced quantity of approximately 7,280 bales from the South Island.

More like this

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”.

back to top

Featured

Start of a new era

Start of a new era

Keeping an eye on the changing farming horizon is priority for the new chair of the Ruralco rural supply chain, Mid-Canterbury dairy farmer Jessie Chan-Dorman.

 

» The RNG Weather Report

» Latest Print Issues Online

ruralnewscover
dairynewscover
winegrowercover

Visit archives

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