Friday, 08 February 2013 16:09

Combined auction steady

Written by 

The combined North and South Island Wool auction comprising 15,300 bales saw some variation in price levels between types and selling centres compared to last sale on January 31, however overall the market generally steadied, says New Zealand Wool Services International Ltd's general manager, John Dawson reports.

 The weighted indicator for the main trading currencies was unchanged with 87% of the offering sold.

Dawson advises steady enquiry and lower than expected wool flow is helping the market to stabilise.

Mid Micron Fleece 28 and 29 micron were up to 2% firmer with 30 micron 1.5% easier. Fine crossbred fleece were generally firm with the second shear types ranging from firm to 4% stronger.

Coarse crossbred fleece varied between Islands with the South up to 1.5% firmer and the North firm to 2% cheaper.
Overall the coarse shears were firm to slightly dearer. Short first lambs were firm in the North and between 1 and 4% easier in the South. Long coarse oddments were 3 to 5% cheaper with short oddments strongly contested lifting between 6 and 13%.

Competition was limited with China the principal supported by India, Europe, Middle East and the United Kingdom. The next sale on February 14 comprises about 7500 bales from the North Island and 6600 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

Australia develops first local mRNA FMD vaccine

Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.

NZ household food waste falls again

Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.

Editorial: No joking matter

OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.

DairyNZ plantain trials cut nitrate leaching by 26%

DairyNZ says its plantain programme continues to deliver promising results, with new data confirming that modest levels of plantain in pastures reduce nitrogen leaching, offering farmers a practical, science-backed tool to meet environmental goals.

National

Machinery & Products

Tech might take time

Agritech Unleashed – a one-day event held recently at Mystery Creek, near Hamilton – focused on technology as an ‘enabler’…

John Deere acquires GUSS Automation

John Deere has announced the full acquisition of GUSS Automation, LLC, a globally recognised leader in supervised high-value crop autonomy,…

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards,…

» Latest Print Issues Online

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter