fbpx
Print this page
Friday, 02 December 2016 13:32

South Island wool sale eases

Written by 
The 4700 bales on offer saw a 74% clearance with mixed results. The 4700 bales on offer saw a 74% clearance with mixed results.

The 4700 bales on offer saw a 74% clearance with mixed results, however all prices paid locally are still above last week’s North Island auction levels, NZ Wool Services International chief executive John Dawson reports.

The weighted currency indicator is up 0.91% having a slight negative impact .

Dawson advises the market continues to be dominated by very targeted buying with better style wools still attracting most attention.

Compared to the last similar South Island selection on November 17;

Merino fleece were 3.5 to 12% dearer.

Mid Micron fleece saw varied results with specific brackets targeted, ranging from 2% cheaper to 3.5% dearer.

Fine crossbred fleece were 4% dearer.

Coarse full fleece and shears were 1 to 4% easier, however compared to last week’s North Island sale were 1 to 7.5% dearer.

Oddments were 3 to 12% cheaper in the South, but compared to the north were 7 to 10% dearer.

Competition was limited with China principals supported by Western Europe, Australasia and the Middle East.

The next sale on December 8 comprises about 9200 bales from the North Island.

More like this

A big win for wool!

State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

Featured

Horticulture exports hit $8.4B, surge toward $10B by 2029

A brilliant result and great news for growers and regional economies. That's how horticulture sector leaders are describing the news that sector exports for the year ended June 30 will reach $8.4 billion - an increase of 19% on last year and is forecast to hit close to $10 billion in 2029.