Friday, 18 September 2015 11:23

Wool market eases

Written by 

A firming NZ dollar and more reserved overseas buying combined to lower most prices at this week’s wool auction, says NZWSI.

The weighted currency indicator lifted by 1.04% with 93% of the 6,660 bales on offer selling, says NZWSI marketing executive, Malcolm Ching.

Ching says compared to the South Island sale on September 10, the North Island offering saw fine crossbred full fleece and longer shears ease 4 to 6% with less interest in this sector from the Chinese market currently.  

Shorter shears were firm to 1.5% easier, with interest for these types continuing.  Coarse full-length fleece were 2.5% cheaper with shears ranging from firm to 3% softer.  Oddments were up to 2% easier.

Ching says China continues as the main market influence, supported by Western Europe, Middle East, and Australasia.

The next sale on September 24 comprises about 9,200 bales from the South Island.

 

More like this

Feds back wool levy

In an irony not lost on free-marketers, Federated Farmers — in which farmer membership is voluntary — supports imposing a compulsory levy on all wool growers.

100% NZ wool for Danish carpets

New Zealand wool has now completely replaced British wool for innovative European carpet manufacturer Ege in its printed carpet process.

 
 

» Latest Print Issues Online

The Hound

Light reading

In a follow-up to this old mutt’s piece two issues ago about Fonterra directors getting to grips with the co-op’s…

Shocking

There are many stories from ‘the impossible to believe, but believable’ files that your old mate is often told about.

 
 

Popular Reads

A nice little earner

Landcorp is paying members of its contentious environmental reference group (ERG) $1500 a day each – far more than other…

 
 
 

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…

Tractor for tight spaces

Italian specialist tractor manufacturer SAME, part of the SDF Group, used the recent EIMA 18 Expo in Bologna, to roll…