fbpx
Print this page
Thursday, 29 November 2012 15:21

Wool market firm

Written by 

The 8600 bales of North Island wool on offer saw a generally strong market with a 95% clearance, New Zealand Wool Services International Ltd's general manager, John Dawson, reports.

Despite the weighted indicator for the main trading currencies strengthening by 1.04% compared to the last sale on November 22, local prices remained firm and in many cases increased slightly, pushing prices higher in overseas customer's terms.

Dawson says fine crossbred fleece and shears 32 to 35 micron generally remained firm.
Coarse crossbred fleece and longer shears 36 micron and coarser ranged from firm to 2.5% dearer. The 2 to 4 inch shears were the only group to soften this week, easing by 1 to 2%. Shorter shears strengthened 1.5%

Long oddments were up to 3% dearer with short types ranging from firm to 5% stronger.
There was competition with China dominating, supported by Western Europe, India, United Kingdom and the Middle East.

The next sale on December comprises about 6000 bales from the North Island and 7600 bales from the South Island.

Featured

Govt Commits $4m to Rural Wellbeing Initiatives

While the District Field Days brought with it a welcome dose of sunshine, it also attracted a significant cohort of sitting members from the Beehive – as one might expect in an election year.

Shane Jordan Beats Brother to Win NZ Timbersports Title

While not all sibling rivalries come to blows, one headline event at the recent New Zealand Rural Games held in Palmerston North certainly did, when reigning World Champion Jack Jordan was denied the opportunity of defending his world title in Europe later this year, after being beaten by his big brother’s superior axle blows, at the Stihl Timbersports Nationals.

National

Machinery & Products

Chinese Tractors Eye Western Europe

Having caused quite a stir at last year’s Agritechnica, Chinese manufacturer Zoomlion is reported to be conducting large-scale field trials…

Franz Grimme Turns 80

Franz Grimme recently celebrated his 80th birthday earlier March and continues to be an entrepreneur with passion and pioneering spirit,…