Friday, 07 October 2016 12:15

Wool sale steadies

Written by 
The weighted indicator eased 1.1%, giving a small amount of support to local prices. The weighted indicator eased 1.1%, giving a small amount of support to local prices.

The South Island sale of 8565 bales comprising a wide range of wool types saw good support with 78% of the offering selling. 

NZ Wool Services International Ltd’s chief executive John Dawson reports the a weakening NZ dollar compared to the main trading currencies saw the weighted indicator easing 1.1% compared to last week, giving a small amount of support to local prices.

Dawson advises pressure for quick shipment of orders and the diverse wool types on offer attracted good support, helping underpin the market.

Compared to last time offered at the South Island sale on September 22 merino fleece 16 to 19 microns were firm to 1.5% cheaper with 20 to 23 microns generally 1.5% easier and mid micron fleece 25 microns were 1% dearer with 25.5 to 29 microns 1 to 4% cheaper.

Compared to the North Island sale on September 29 fine crossbred fleece 32 to 35 microns were firm with early shorn and second shears 3 to 5 and 3 to 4 inches also remaining firm. Shears 2 to 4 inches were 2 to 3.5% cheaper with 2 to 3 inches firm to 1% cheaper.

Coarse crossbred full fleece were firm for good colour and 1% dearer for average colour.

Longer coarse shears were firm with 2 to 4 inches 3.5 to 5.5% cheaper and 2 to 3 inches 2.5% easier.

Short oddments were 4 to 6% cheaper with faulted lines discounted the most.

The next sale on October 20 comprises about 5600 bales from the North Island and 8150 bales from the South Island.

 

More like this

Integrating sheep onto vineyards

With 27 million sheep in New Zealand it is not surprising that a number will end up in amongst the country’s 37,000 hectares of grapes.

 
 

» 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

Ozone in the vineyard

The word ozone conjures up images of big holes in the atmosphere, stronger UV light, the risk of severe sunburn…

Drones versus birds

Drones may soon be joining the armoury of weapons used to scare birds away from ripening grapes  after a trial…