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

Facial eczema – the hidden killer

Most of the damage caused by facial eczema (FE) is subclinical (no obvious external signs) and goes unnoticed until it’s too late, comments Agritrade.

Getting on top of a lousy problem

For strong wool sheep, lice infection is a nuisance more than a hefty financial cost. But, for fine wool sheep the financial toll is much greater. 

Killer sheep

A mate of the Hound recently attended an open day at the Spring Sheep Milk operation, held at Matangi in Waikato. At least 300 visitors showed up -- so lots of interest.

Small profit for Wools NZ

The Wools of NZ board considers its 2019 financial outcomes to be satisfactory given “the first year as a fully commercial company, operating in a very challenging wool market”.

» The RNG Weather Report

Featured

 

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Useless

The Hound notes that one of the country’s poorest financially performing state-owned enterprises – the Government farming entity Landcorp (or…

Rural revolt

Your old mate hears that the antics of the Government – especially the NZ First component – are fuelling motivation…

Popular Reads

Rural Life

Mechanisation new for the US

The impetus behind developing the Klima stripper back in 2007 was a continual lack of labour during the pruning season.