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

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”.

Featured

 

Keeping your farm protected

Biosecurity isn't just about border control at the airport or ports, writes Nita Harding, DairyNZ technical policy advisor.

» Latest Print Issues Online

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