Friday, 08 March 2013 09:35

Wool pricing continues firming

Written by Pamela Tipa

font size decrease font size increase font size
Print
Email

The combined North and South Island auction offering of 24,400 bales saw a 91% clearance and a firm to dearer market across the board, NZ Wool Services International Ltd's general manager, John Dawson reports.

The weighted indicator for the main trading currencies was practically unchanged compared to the last sale on February 28, firming by 0.23%.

Dawson advises the fine crossbred fleece was generally slightly dearer with the shear types firm to 2% stronger.
Coarse crossbred fleece were firm to 6% stronger with the average and better style wools lifting the most. The coarse shears were firm to 3% stronger.

First lambs were also firm to 3% dearer. Oddments were 1.5 to 7% stronger with North Island wools gaining the most.

Limited competition with China dominated, supported by Australasia, Western Europe, India, Middle East and United Kingdom.

The next sale on March 14 comprises about 9,500 bales from the South Island.

Featured

Āta Regenerative Brings Global Soil and Water Experts to New Zealand Farms

Āta Regenerative is bringing international expertise to New Zealand to help farmers respond to growing soil and water challenges, as environmental monitoring identifies declining ecosystem function and reduced water-holding capacity across farms.

Yili’s New Zealand Dairy Group Posts Record $1.58 Billion Revenue

Yili's New Zealand businesses have reported record profits following a major organisational and strategic transformation.

Hino Truck Owners Have 10 Days Left to Register for Proposed $10.9M Settlement

Owners and lessees of certain Hino Trucks New Zealand diesel vehicles have just 10 days remaining to register or opt out of a proposed $10.9 million class action settlement.

Silver Fern Farms Airfreights 90 Tonnes of Chilled Meat to UAE Amid Freight Disruptions

Silver Fern Farms has successfully produced and delivered 90 tonnes of premium chilled New Zealand lamb and beef to the United Arab Emirates via airfreight.

New Zealand Tractor Sales Climb 5% in First Quarter of 2026

For the first three months of 2026, new tractor deliveries saw an increase over the previous two months, resulting in year-to-date deliveries climbing to 649 units - around 5% ahead of the same period in 2025.

FAO Warns Strait of Hormuz Fertilizer Crisis Could Tighten Global Food Supplies Into 2027

QU Dongyu, director-general of the Food and Agriculture Organization of the United Nations (FAO), has issued a warning saying that global fertiliser scarcity caused by disruptions in the Strait of Hormuz will lead to lower yields and tightening food supplies into 2027.