fbpx
Print this page
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

A big win for wool!

State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

Popular Reads

Bold taste wins gold medal

Bold taste wins gold medal

Alliance Group's Pure South Handpicked 55 Day Aged Beef has been recognised on the world stage, securing top honours at the…

Featured

India-New Zealand free trade agreement (FTA) dairy outcomes

India-New Zealand free trade agreement (FTA) dairy outcomes

OPINION: As negotiations advance on the India-New Zealand FTA, it’s important to remember the joint commitment made by Indian Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon at the beginning of this process in March: for a balanced, ambitious, comprehensive, and mutually beneficial agreement.

Honesty vital in flood insurance claims, says IFSO

As New Zealand experiences more frequent and severe flooding events, the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) is urging consumers to be honest and accurate when making insurance claims for flood damage.

National

Machinery & Products