fbpx
Print this page
Friday, 11 April 2014 10:40

Wool market defies dollar

Written by 
Wool market defies dollar

DESPITE a resurgent New Zealand dollar, the South Island offering of 11,500 bales saw most types range from firm to 3% dearer, NZ Wool Services International Ltd's general manager, John Dawson, reports.

 

Even with the strength of the sale and an 86% clearance, some growers were still unprepared to accept current market levels with 13% of the offering being passed in.

The weighted indicator for the main trading currencies was 1.36%t up on the last sale on April 3.

Dawson says fine crossbred fleece and shears were between 1 and 3% firmer. Coarse full fleece were firm to 2% dearer with coarse shears firm to 3% dearer. Longer first lambs eased slightly with the balance firm to 2% dearer. Long oddments were generally firm with short oddments up to 1% dearer.

Good competition came from Australasia, China, India and Western Europe principals, and was supported by the Middle East and United Kingdom.

The next sale on Wednesday, April 16 comprises about 8,200 bales from the North Island.

More like this

Wool campaign making strides

Wool campaign making strides

A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.

On a mission to add value to wool

On a mission to add value to wool

While wool returns continue in the doldrums, smart sheep farmers are looking for alternatives for a product that currently cost more to get off a sheep's back than it's worth. One such initiative is run by husband and wife team Hayden and Anastasia Tristram who farm at Wanstead in the Central Hawke's Bay. Mark Daniel reports.

Wool petition hits Parliament

South Canterbury farmer Angela Blair has delivered a petition to Parliament calling on the Government to reverse its decision to fit rural schools with synthetic carpet.

Popular Reads

Milk price certainty

Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following…

Farmers fined for cattle abuse

A Waikato cattle farming family have been fined $23,000 for failing to provide sufficient food and care for their animals,…

Featured

State roadshow talking all things wool

State roadshow talking all things wool

'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.

Council urged to delay rate hikes

Council urged to delay rate hikes

A Southland farming leader wants the regional council to delay a proposed regional rates hike, much of which is intended to fund flood protection works.

Wool campaign making strides

A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.

National

Meat co-op dilemma

Meat processor Alliance Group's cash-strapped farmer shareholders face a dilemma - either pour more money into the co-operative or risk…

Machinery & Products

Factory clocks up 60 years

There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally…

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.