Friday, 29 May 2015 10:02

Mixed results for wool

Written by 

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 weighted indicator remained unchanged compared to the last sale on May 21. Of the 8,900 bales on offer, 94% sold.

Steel says that fine crossbred longer shears remained firm with shorter types lifting between 2% and 6%. Good colour coarse fleece were firm to 1.5% easier, average style firm and poor colour 2.5% to 5.5% dearer.

Long coarse shears were firm to 3.5% cheaper with shorter types down 4% to 6%.

Long lambs fleece were 3.5% dearer, 2 to 4 inches up 1% to 2% with shorter types firm to 4% cheaper.  Long oddments were 4% to 7% dearer with good colour short oddments 4% dearer and poor colour 3% to 6% easier.

Good competition with China continues to dominate, supported by Australasia, India, Middle East and Western Europe.

The next sale on June 4 comprises about 7,100 bales from the South Island.

More like this

Meat sector takeover of wool?

A meat industry-dominated group has formed to carry out the recommendations of the Wool Industry Project Action Group report and is ready to lead that change.

Wool outfits to combine

Two wool companies, that handle around one-third of NZ’s strong wool clip between them, are looking to join together in an effort to rejuvenate the country’s struggling wool sector.

A glimmer of hope for NZ strong wool?

A Lincoln-based wool products company believes it offers a glimmer of hope against the increasing negativity currently saturating New Zealand’s strong wool industry.

Featured

Back the sector that backs NZ

OPINION: The biggest issue currently facing our industry is environmental policy, writes Beef+Lamb NZ chief executive Sam McIvor.

 

» The RNG Weather Report

» Latest Print Issues Online

The Hound

He's back!

OPINION: This old mutt understands that former Fonterra chief executive Theo Spierings has landed himself a new gig back in his…

Utu?

OPINION: Your canine crusader understands that the farmer’s favourite politician – Environment Minister David Parker – not content with implementing…

» eNewsletter

Subscribe to our weekly newsletter