Thursday, 19 November 2015 15:52

Wool finally on the up

Written by 
Most wool categories were well supported. Most wool categories were well supported.

New Zealand Wool Services International's chief executive John Dawson says a slightly easier NZ dollar and limited wool volumes combined with steadier enquiry, saw most categories well supported.

Of the 5,700 bales on offer, 92% sold.

The weighted indicator for the main trading currencies compared to last sale weakened 0.94%, helping underpin local prices.

Dawson advises that compared to the sale on 5th November, Merino Fleece were generally firm to 2% dearer. Mid Micron Fleece were firm to 3% dearer.

Compared to the 12 November sale, Fine Crossbred Fleece were 1 to 4% dearer, longer shears firm to 4% dearer and shorter types firm to 2.5% easier.

Coarse Crossbred Full Fleece were up to 1.5% dearer.

Long Coarse Shears and very short shears eased 1.5% with 3 to 4 and 2 to 4 inch shears firm to 1.5% firmer.

Oddments were 3 to 6% dearer.

Good competition with China principals, supported by Western Europe and Australasia with limited interest from elsewhere.

Next sale on 26November comprises approximately 5,900 bales from the North Island.

 

More like this

Reducing stress on in-lamb ewes

Most of the ewes that make up the New Zealand ewe flock are high performance animals, many of them sitting on a metabolic knife-edge as they get closer to lambing, says Ben Allot, North Canterbury Vets.

Multi-prong attack in combatting worms

Changes in a farm’s land use or policies which result in it having mostly young livestock could be disastrous in promoting the development of drench resistance.

Championing wool to the world

Telling the story of wool is one of the keys to its resurgence as the global fibre of choice, according to NZ grower owned company Wools of New Zealand.

 
 

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Quota watch

The Hound understands that Mike Petersen’s time as NZ agriculture’s special trade envoy will soon end.

What a jerk

Your old mate notes that serial whinger Mike Joy continues to put the boot into the farming sector.

Popular Reads

Bleeding out NZ?

OPINION: By 2050 China will own New Zealand agriculture and with it our country’s future.

Higher margin, more efficiency

The average Jersey herd will make 67 cents more this season than a Holstein Friesian herd, claims Jersey Advantage spokesman…

Rural Life

Collaboration increases capability

Initially designed to assist fertiliser spreading trucks operating on steep New Zealand hill country, TracMap’s GPS guidance and job management…