Thursday, 03 March 2016 19:19

Wool market remains strong

Written by 
The wool market remains strong. The wool market remains strong.

The wool market in both the North and South Island continues to show resilience.

New Zealand Wool Services International Limited chief executive officer John Dawson says that new business and shipping requirements for older contracts combined to keep all types well supported.

Crossbred Fleece types ranged from 1% cheaper to 5% dearer across both Islands, as did Second Shear and Lamb types.

Good competition prevailed with China, Western Europe and Australasia dominating.

The next sale takes place on 10 March in the South Island only. It will consist of approximately 8,000 bales.

More like this

Birth woes

OPINION: What does the birth rate in China have to do with stock trading? Just ask a2 Milk Company.

Cold comfort

One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact that, now more than ever, US farmers are being propped up by government welfare – a direct result of Trump’s hardline on its trading partners.

Strong wool eyes China

China looks set to play a key role in helping the New Zealand wool sector shift away from trading as a commodity supplier.

Featured

Bridge Pā Table Grape Harvest Starts Weeks Early

Budou are being picked now in Bridge Pā, the most intense and exciting time of the year for the Greencollar team – and the harvest of the finest eating grapes is weeks earlier than expected.

Farmlands Posts Strong 2025 Half-Year Growth

Rural retailer Farmlands has released it's latest round of half-year results, labeling it as evidence that its five-year strategy is delivering on financial performance and better value for members.

Editorial: Trump's Tirade

OPINION: "We are back to where we were a year ago," according to a leading banking analyst in the UK, referring to US president Donald Trump's latest imposition of a global 10% tariff on all exports into the US.

» Latest Print Issues Online

The Hound

Penny Pinching

OPINION: A mate of yours truly reckons rural Manawatu families are the latest to suffer under what he calls the…

New Order

OPINION: If old Winston Peters thinks building trade relations with new nations, such as India, isn't a necessary investment in…

» eNewsletter

Subscribe to our weekly newsletter