Govt invests in wool
The Government says it is investing to create new product categories and new international markets for strong wool and is calling on Kiwi businesses and consumers to get behind the environmentally friendly fibre.
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.
