Displaying items by tag: wool
Introducing overseas sheep to New Zealand’s flock has changed the nature of the wool produced here, says Hawkes Bay wool broker Philippa Wright.
The North Island wool auction this week remained mostly firm except for the higher volume of shorter shears, which eased, compared to last week.
Initiative are underway in New Zealand and overseas to highlight the benefits of wool and to increase its use in buildings and homes.
New Zealand strong wool, renowned for its use in carpets, is set to become world famous for a new use – on people's feet.
Lamb wool has been the ‘rock star’ this season, with values about $1 above last year, according to Wool Services International’s Malcolm Ching.
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 lower dollar is one of the main influences behind the present buoyant wool market but there are other positive indicators, says NZ Wool Services International’s Purelana manager Malcolm Ching.
The North Island sale saw prices lift on the back of a weaker New Zealand dollar and steady off-shore interest, NZ Wool Services International Ltd's marketing executive, Paul Steel, reports.