Friday, 23 March 2012 09:21

Wool price holds up

Written by 

The market held up fairly well for the last of the larger offerings of this season with 22,700 bales on offer and an 84% clearance, New Zealand Wool Services International Ltd's general manager, John Dawson reports.

The weighted indicator for the main trading currencies compared to the last sale on March 15 was practically unchanged, strengthening only 0.06%.

The price levels between the North and South Island selling centres reflects the larger volumes coming forward in the north and although prices lifted considerably compared to their last sale on March 8, the North Island prices are still generally below their counterparts in the south.

Dawson advises that Fine Crossbred Fleece and Shears were firm to 2% stronger. Good Colour Crossbred Fleece eased slightly with other styles firm to 3% dearer. Longer Coarse Shears ranged from firm to 4% stronger, with shorter shears in the South easing 1 to 2% and the north offering firm to 4% dearer. South Island Lambs were 1 to 2% easier with the North Island selection 2 to 5% stronger.

Oddments ranged from firm to 3.5% dearer with the North Island levels lifting the most.

Well spread competition with China, Australasia, Middle East and India principals supported by Western Europe and United Kingdom.

Next sale on March 29 comprises about 10,900 bales of South Island wools only.

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

Big return on a small investment

Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Gaslight much?

OPINION: Labour leader Chris 'Chippy' Hipkins is carrying on the world-class gaslighting of the nation that he and his cohorts…

Our own 'Clarkson'

OPINION: The huge success of former Top Gear host Jeremy Clarkson's new TV show, Clarkson's Farm, and the boost it…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter