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

Green light for virtual fencing, herding in Victoria

Virtual fencing and herding systems supplier, Halter is welcoming a decision by the Victorian Government to allow farmers in the state to use the technology.

Dairy sector profit still on the table, but margin gap tightens

DairyNZ’s latest Econ Tracker update shows most farms will still finish the season in a positive position, although the gap has narrowed compared with early season expectations.

National lamb crop edges higher

New Zealand’s national lamb crop for the 2025–26 season is estimated at 19.66 million head, a lift of one percent (or 188,000 more lambs) on last season, according to Beef + Lamb New Zealand’s (B+LNZ) latest Lamb Crop report.

Farmers cautiously welcome local government reforms – Ag First

Farmers appear to be cautiously welcoming the Government’s plan to reform local government, according to Ag First chief executive, James Allen.

Fonterra capital return could boost GDP – ANZ Report

The Fonterra divestment capital return should provide “a tailwind to GDP growth” next year, according to a new ANZ NZ report, but it’s not “manna from heaven” for the economy.

Fonterra upgrades Eltham cheese production for global growth

Fonterra's Eltham site in Taranaki is stepping up its global impact with an upgrade to its processed cheese production lines, boosting capacity to meet growing international demand.

National

Te Radar celebrates kiwi farming heritage in latest release

Undoubtedly the doyen of rural culture, always with a wry smile, our favourite ginger ninja, Te Radar, in conjunction with…

Government approves nationwide recycling scheme for primary sector plastics

Rural recycling scheme Agrecovery is welcoming the Government's approval of regulations for a nationwide rural recycling scheme for agrichemicals and…