fbpx
Print this page
Thursday, 24 September 2015 16:17

Steady support for wool market

Written by 
Steady support for wool market

John Dawson, CEO of NZWSI, reports that the South Island sale this week saw a strong market with steady support.

Of the 9,250 bales on offer, 84.4% sold.

The weighted indicator for the main trading currencies was down 0.72% compared to the last sale on 17th September, helping hold up local price levels.

Dawson advises that in line with other Merino-growing markets, local prices for Merino Fleece 18 to 23.5 microns saw a slight easing. Compared to the last sale on 10th September, prices were 2 to 6% cheaper.

Mid Micron from 24 to 28.5 microns were firm to 1.5% cheaper. Compared to the sale of 17th September, Fine Crossbred Full Fleece were 2.5% firmer and shear types 2 to 4% dearer, with the very short types under the most pressure.

Coarse Fleece were up to 2% firmer with Coarse shears firm to 2% dearer.

Oddments were firm to 2% stronger.

There is still competition with China continuing to dominate, supported by Western Europe, Middle East, Australasia, and very limited activity from India and the United Kingdom.

The next sale on 1st October comprises approximately 6,000 bales from the North Island.

More like this

On a mission to add value to wool

On a mission to add value to wool

While wool returns continue in the doldrums, smart sheep farmers are looking for alternatives for a product that currently cost more to get off a sheep's back than it's worth. One such initiative is run by husband and wife team Hayden and Anastasia Tristram who farm at Wanstead in the Central Hawke's Bay. Mark Daniel reports.

Crackdown on Chinese use of Zespri IP

Authorities in China have clamped down on companies in that country which have been packaging and selling their own local fruit under the Zespri brand.

Popular Reads

Farmers oppose work visa changes

Farmers are crying foul over changes announced by the Government this week to the Accredited Employer Work Visa (AEWV) scheme.

Milk price certainty

Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following…

Featured

Feds back Fast-Track Approval Bill

Feds back Fast-Track Approval Bill

Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.

Machinery builder in liquidation

In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.

Two hemispheres tied together through cows

One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.