Monday, 02 May 2016 07:55

Wool attracts mixed support

Written by 
Of the 5,000 bales on offer 88% sold. Of the 5,000 bales on offer 88% sold.

New Zealand Wool Services International Limited's CEO John Dawson reports that targeted buying saw some types well supported at the North Island auction.

Others either held steady or eased slightly.

Of the 5,000 bales on offer 88% sold. The weaker New Zealand dollar against most of the traded currencies saw the weighted indicator come down 0.80% compared to the last sale on 21st April.

According to Dawson, fine Crossbred Shears were firm to 2% easier. Coarse Crossbred Fleece were firm to 1.5% cheaper. Coarse Crossbred Shears were well supported, ranging from firm to 3% dearer with good styles sought after.

Shorter First Lambs were 1 to 3% easier with long Lambs firm to 4% dearer.

Long Oddments were firm to 1% cheaper with short oddments 2 to 5% dearer.

Next sale on 5th May comprises approximately 4,700 bales from the South 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.

Featured

Champion Farmers Drive Environmental Change in Agriculture

Finding and supporting ‘champion farmers’ – or top-quality farmers - is one of best ways of getting other farmers to take the appropriate measures to mitigate environmental issues, according to a leading Irish scientist Dr Mary Ryan.

» Latest Print Issues Online

The Hound

Half A Brain

OPINION: When Donald Trump returned to the White House, many people with half a brain could see the results for…

Inconvenient Truths

OPINION: Media trust has tanked because of what media's more woke members do and say.

» eNewsletter

Subscribe to our weekly newsletter