fbpx
Print this page
Friday, 15 July 2016 07:55

Mixed market shows some bright spots

Written by 
Of the 5,800 bales on offer 61% sold. Of the 5,800 bales on offer 61% sold.

The more varied offering at this weeks' South Island auction saw targeted buying with better demand for the longer wools.

New Zealand Wool Services International Ltd's chief executive John Dawson reports that of the 5,800 bales on offer 61% sold, reflecting the general slow-down in new orders coming forward and exporters only buying for immediate requirements.

The continuing strengthening of the New Zealand dollar saw the weighted currency indicator lift 1.87% week on week, limiting market opportunities.

Dawson advises that compared to the South Island sale on June 30, Mid Micron Fleece were 1 to 2.5% cheaper with Fine Crossbred Fleece down 3.5%.

Compared to the North Island sale on July 7, Longer Finer Crossbred Shears were 2 to 4% dearer with shorter shears firm to 1% cheaper.

Coarse Crossbred Full Fleece, good and average styles were 1 to 1.5% easier with poor styles 3 to 5% dearer.

Coarse Second Shears 2 to 4 inches to 3 to 5 inches were 2 to 5% firmer with shorter types firm.

Long Oddments remained firm with good colour short oddments 2 to 4% dearer.

Limited activity with Australasia and Middle East principals, supported by Western Europe, China and India.

Next sale on July 21 comprises about 6,000 bales from the North Island.

More like this

Featured

Ravensdown Named Canterbury A&P Show Sponsor

Having Ravensdown as the naming rights sponsor of the Canterbury A&P Show demonstrates their confidence in the show as a long-term venture, says Canterbury Agricultural and Pastoral Association (CAPA) board chair Sir David Carter.

Tractor Weight Rules NZ: Contractors Welcome Reform

Rural Contractors NZ says proposed changes to land transport rules for agricultural vehicles are a welcome response by the Government to out-of-date regulations which have seen members hit with huge fines.