Friday, 13 November 2015 09:19

Wool prices steady

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The North Island offering of 5400 bales received strong support with 99% selling.

NZ Wool Services International's North Island offering of 5400 bales received strong support with 99% selling, chief executive John Dawson says.

A similar currency range to last weeks' sale on November 5 saw the weighted indicator down only 0.16% playing a minor role, with awakening Chinese interests and steady enquiry from other sectors underpinning the market.

Dawson advises fine crossbred full fleece and second shears were firm to 4.5% dearer, with the shorter types supported the most.

Coarse full fleece were also firm with shears 1 to 2.5% stronger.

Oddments were generally firm. There was strong competition with China, Australasia and Western Europe principals, supported by India, Middle East and the United Kingdom.

The next sale on November 19 comprises about 5700 bales from the South Island.

More like this

Editorial: Wool's Back in the Black

OPINION: Confidence in the wool sector is rebounding as prices hit levels not seen in more than 15 years.

NZ-India FTA Opens New Opportunities for Strong Wool Trade

The recently signed free trade agreement with India is an invitation to strengthen relationships between the New Zealand and Indian strong wool industries, says Wool Impact chief executive Andy Caughey.

New Zealand Wool Prices Hit Highest Levels Since 2011 Amid Tight Supply and Surging Demand

Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.

NZ Companies Launch World’s First Wool-Based Colour for 3D Printing Filament

A collaboration between two New Zealand companies will see wool used as a renewable colour source for 3D printing.

Editorial: A Win-Win For All

OPINION: A bumper season all around.

Featured

Te Pari Acquires NZ Sheep Handler Brand Combi Clamp

Oamaru-based livestock handling specialist Te Pari has bought Combi Clamp, the New Zealand manufacturer of Combi Clamp manual sheep handlers.

RSE Scheme Changes Coming - McClay

Agriculture Minister Todd McClay has admitted that a scheme bringing workers from Pacific nations to work on orchards has become too hard to navigate but says changes are coming.

New App StockScore Digitises Livestock Condition Scoring

A new app designed in New Zealand aims to help sheep, beef and deer farmers capture, analyse and use body condition score data more effectively.

Andy Macfarlane Joins AgriZeroNZ Board

Canterbury farmer Andy Macfarlane has been appointed to the board of AgriZeroNZ, the public-private partnership designed to accelerate the development and deployment of emissions reduction tools for New Zealand farmers.