Friday, 28 August 2015 09:13

Wool market consolidates

Written by 

Lack of confidence in global markets and a weakening New Zealand dollar may have affected the latest South Island wool auction, says NZWSI.

Crossbred wool prices generally consolidated despite the weighted currency indicator reducing by 2.31% from .6229 last week to .6090, says NZWSI senior trader, Nathan Arthur.

Wool prices for Mid Micron Fleece 24.5 to 25.5 micron were 4% cheaper, 26 and 27 micron were 1% cheaper while 28 and 29 micron were 2% cheaper.

Fine Crossbred Fleece along with Fine Early Shorn and Second Shear with limited enquiry from China saw 33 to 35 micron wools were 2 to 4% cheaper while 34 to 36 micron 3 to 4 inch and 2 to 4 inch were 1 to 2% cheaper. 

Coarse Crossbred Fleece including Coarse Crossbred Early Shorn and Second Shear remained firm.

Coarse Crossbred Oddments Combing and Carding were firm.

The next sale is due on September 3 and comprises about 7800 bales from the North Island.

Featured

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.

B+LNZ launches AI assistant for farmers

Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.

» Latest Print Issues Online

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» eNewsletter

Subscribe to our weekly newsletter