Friday, 10 January 2014 10:47

Wool prices lift

Written by 

THE 12,500 BALES of North Island wool on offer this week generally lifted to come into line with South Island levels. There was a 93% clearance rate, says New Zealand Wool Services International Ltd's general manager, John Dawson, says.

Compared to the last sale on December 19 the currency indicator firmed by 0.45% having minimal impact on the market.

Dawson advises the first sale after the Christmas break was well supported assisted by the cancellation of the rostered South Island sale and limited anticipated volumes available next week.

Fine crossbred fleece and shears of good and poor colour were firm to 1% dearer with average styles lifting 5%. Coarse crossbred fleece of good and poor colour were up 2 to 3% with average styles 5% stronger.

Coarse shears were generally 1 to 2% firmer except average style 3 to 5 inches and better style 3 to 4 inches 5 to 7% dearer. Short first lambs fleece remained firm. Long oddments were 1% firmer with short oddments firm to 4% easier.

There was limited competition with China and Australasia dominating, supported by Western Europe, Middle East and India.
The next sale on January 16 comprises about 10,300 bales from the North Island and 7600 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

Dr Mike Joy says sorry, escapes censure

Academic Dr Mike Joy and his employer, Victoria University of Wellington have apologised for his comments suggesting that dairy industry CEOs should be hanged for contributing towards nitrate poisoning of waterways.

People-first philosophy pays off

The team meeting at the Culverden Hotel was relaxed and open, despite being in the middle of calving when stress levels are at peak levels, especially in bitterly cold and wet conditions like today.

Farmer anger over Joy's social media post

A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of drinking/groundwater has enraged farmers.

From Nelson to Dairy Research: Amy Toughey’s Journey

Driven by a lifelong passion for animals, Amy Toughey's journey from juggling three jobs with full-time study to working on cutting-edge dairy research trials shows what happens when hard work meets opportunity - and she's only just getting started.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Faking it

OPINION: Demand for red meat is booming, while it seems the heyday of plant-based protein is well past its 'best…

M.I.A.

OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter