The Hound understands that Federated Farmers has been cut out of the information loop, for the past year, on the…
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The South Island sale of 8565 bales comprising a wide range of wool types saw good support with 78% of the offering selling.
Despite a strengthening NZ dollar, the varied selection at this week's South Island auction attracted strong support.
The North Island wool auction received revived support this week with an improved 81% of the 5700 bales selling.
The more varied offering at this weeks' South Island auction saw targeted buying with better demand for the longer wools.
The ongoing fallout from the Brexit result, continued minimal activity from China and a strong New Zealand dollar have compounded to make significant inroads into local wool values.
The high volume of short second shears eased slightly at the latest NZ Wool Services International's auction compared to the last North Island auction on May 12, says chief executive John Dawson.
New Zealand Wool Services International chief executive John Dawson reports this week's auctions held in both centres saw slightly different price movements between them, however overall the local market remains firm.