Friday, 04 September 2015 11:53

Wool Market Firm

Written by 

The 7,500 bales of North Island wools on offer this week saw a 97% clearance and a generally dearer market, reports NZWSI marketing executive, Malcolm Ching.

The weighted currency indicator for the main trading currencies eased again compared to the last sale on 27th August, coming down 0.92%, mainly due to the US dollar influence.

Ching says that apart from the finer end of the Fine Crossbred longer shears, which came down 2 to 4%, the balance of this category ranged from 3 to 7% dearer with shorter types benefiting the most.

Coarse Crossbred Fleece were firm to 2.5% firmer with better styles attracting the most support.

Coarse Shears were firm to 4.5% stronger with shorter types in strong demand.

Oddments were firm to 1.5% dearer.

Overall, there was good competition with China, Australasia and Western Europe dominating, supported by the Middle East, United Kingdom and India.

The next sale is scheduled for 10th September and comprises approximately 8,900 bales from the South Island.

More like this

Feed the most critical factor

Maintaining ewes in good body condition and the provision of shelter are two important management factors in maximising this year’s lamb crop.

What’s different? — Editorial

OPINION: Long-time wool industry observers have greeted the latest report aimed at resurrecting the ailing fortunes of the country’s struggling strong wool sector with a healthy dose of cynicism.

An actual plan or more woolly thinking?

Despite claims by Agriculture Minister Damien O’Connor that a new report will be the plan “to revitalise New Zealand’s strong wool sector…” there’s widespread belief it will do no such thing.

Featured

 

Water reforms come at a cost

The government’s new freshwater laws, signed off this week, have the potential to create significant unnecessary costs for ratepayers, farmers and entire communities, Federated Farmers says.

2020 harvest yields up

Final harvest data for wheat, barley and oats (milling/malting and feed) in 2020 show yields were up 17% overall across the six crops.

Difficult but the right call

DairyNZ chief executive Dr Tim Mackle says the joint decision three years ago to eradicate Mycoplamsa bovis was a difficult call.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Spell check

Your old mutt was not surprised to see the NZ Dairy Industry Awards hastily remove the title of this year’s…

About time!

Your canine crusader has been a long-time critic of NZ governments – of all stripes – who, for the past…

» eNewsletter

Subscribe to our weekly newsletter