Friday, 30 March 2012 08:37

Wool market loses ground

Written by 

The wool market was generally down this week due to a combination of strained exporter cash flows, slower demand and a slightly stronger dollar, New Zealand Wool Services International's general manager, John Dawson says.

The Auckland port dispute further impacted on exporter cash flows with some deferred shipping due to lack of containers.

South Island price levels have now come more into line with their North Island counterparts.

The weighted indicator for the main trading currencies compared to the last sale on the March 22 was marginally stronger by 0.5%.

Compared with last week's South Island sale Crossbred Fleece was generally up to 5% cheaper, Early Shorn Second Shear 2.5% cheaper and Short Length Second Shear 2.5 to 5% cheaper. Lambs were up to 3% cheaper. Oddments were 2.5 to 5% cheaper. Compared with last week's North Island sale prices were generally firm with the exception of Lambs which are still 1% above North Island values.

The next sale on the April 4 comprises approximately 12,000 bales of North Island wool.

More like this

A big win for wool!

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

Featured

Champion Farmers Drive Environmental Change in Agriculture

Finding and supporting ‘champion farmers’ – or top-quality farmers - is one of best ways of getting other farmers to take the appropriate measures to mitigate environmental issues, according to a leading Irish scientist Dr Mary Ryan.

National

Machinery & Products

Mark Dillon Does It Again!

Southland crop farmer Mark Dillon took out his fifth New Zealand conventional ploughing title at the NZ Ploughing Championships held…

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…

» Latest Print Issues Online

The Hound

Half A Brain

OPINION: When Donald Trump returned to the White House, many people with half a brain could see the results for…

Inconvenient Truths

OPINION: Media trust has tanked because of what media's more woke members do and say.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter