Displaying items by tag: NZWSI

Wool markets remain steady with the latest sale seeing increases of 1 to 2% overall, says NZWSI general manager, John Dawson.

The weakening New Zealand dollar helped local prices this week with most types increasing by the corresponding currency change, says NZWSI general manager, John Dawson.

The latest combined North and South Island wool auction saw a 91% clearance and a generally firm market, says NZWSI general manager, John Dawson.

The weakening New Zealand dollar coupled with exporter pressure to meet shipping requirements and limited supply continues to underpin the wool market, says NZWSI.

Continued shipping pressure for China kept finer crossbreds firm at the latest wool auction however coarse wools eased as volumes available increased, says Paul Steel of NZWSI.

The North Island wool auction this week remained mostly firm except for the higher volume of shorter shears, which eased, compared to last week.

A weaker New Zealand dollar, limited wool volumes and renewed client interest, combined to lift local prices across the board says NZWSI general manager, John Dawson.

The latest wool auction of 4,700 bales from the North Island saw mixed price movements with a generally steady market overall.

Most types of wool eased this week because of the strengthening NZ dollar and completed shipping requirements, says NZ Wool Services International Ltd’s marketing executive, Paul Steel.

The rapid rise in the New Zealand dollar just prior to auction saw a lowering of local wool prices in many areas says New Zealand Wool Services International (NZWSI).