Friday, 16 November 2012 08:42

Wool market steady

Written by 

The 9500 bales on offer at this week's North Island sale saw a 93% clearance with a generally firm market, says New Zealand Wool Services International Ltd's general manager John Dawson.


The weighted indicator for the main trading currencies eased 0.94% compared to the last sale on November 8, helping local prices.

Dawson says the fine crossbred fleece was slightly buyers' favour with longer shears up to 2% easier and shorter types firm.

Coarse full length crossbred fleece and longer shears remained firm with 2 to 4 inch wools firm to 1.5% dearer and 2 to 3 inch up to 2.5% stronger. Crossbred oddments generally remained firm.

There was limited competition with China dominating supported by India, Middle East, Western Europe and the United Kingdom.
The next sale on November 22 comprises about 10,255 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.

Featured

Brendan Attrill scoops national award for sustainable farming

Brendan Attrill of Caiseal Trust in Taranaki has been announced as the 2025 National Ambassador for Sustainable Farming and Growing and recipient of the Gordon Stephenson Trophy at the National Sustainability Showcase at in Wellington this evening.

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

» Latest Print Issues Online

The Hound

Don't hold back!

OPINION: ACT MP Mark Cameron isn’t everyone’s cup of tea, but he certainly calls it how he sees it, holding…

Sorry, not sorry

OPINION: Did former PM Jacinda Ardern get fawning reviews for her book?

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter