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

Markets resilient, farmers hopeful

OPINION: The global dairy market continues to show resilience, and farmers remain cautiously optimistic as we move into the latter half of 2025.

A big win for wool!

State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.

Featured

Australia develops first local mRNA FMD vaccine

Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.

NZ household food waste falls again

Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.

Editorial: No joking matter

OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.

» 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