Displaying items by tag: wool

There is still steady demand and a general underlying strength to the wool market, says John Dawson, general manager, New Zealand Wool Services International Ltd.

Farmers are counting down the days to when major shareholdings in New Zealand Wool Services International (NZWSI) will be on-sold by the receivers.

Increased activity from China and India helped lift some wool sector prices significantly for the 11,700 bales on offer this week, New Zealand Wool Services International Ltd's general manager, John Dawson reports.

STRATEGY SHOULD come before structure for new proposals to get the crossbred wool industry on its feet, chief executive of the New Zealand Merino Company Ltd, John Brakenridge, says.

A full cross-section of wool types from the 12,800 bales on offer attracted solid interest with 79% selling, reports New Zealand Wool Services International Ltd's general manager, John Dawson.

The South Island offering of 14,157 bales saw a 70% clearance, New Zealand Wool Services International's marketing executive, Paul Steel reports.

The slightly easier New Zealand dollar and increased international demand combined to improve most wool prices this week, New Zealand Wool Services International Ltd's marketing manager, Paul Steel reports.

The combined North and South Island wool auction saw a 79% clearance, the highest this season, with prices generally increasing across the board.

The limited offering of 4200 bales from the South Island on offer this week saw a 58% clearance and a generally firmer market, New Zealand Wool Services International Ltd's general manager, John Dawson reports.

Renewed interest from China saw the finer types well supported in the combined North and South Island wool sales comprising 15,200 bales, NZ Wool Services International Ltd's, general manager, John Dawson reports.