Wool Market Corrects

Published: Thu 16 Oct 2014 02:44 PM
Wool Market Corrects
New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that at today’s North Island wool sale prices took a sharp correction against previous weeks as exporters finished buying for Chinese orders. This combined with a recent quiet period of business and a rise in the New Zealand dollar have all contributed to this price correction.
Compared to the last North Island sale held on the 2nd offering and Fine Crossbred Fleece was 5 to 5.5 percent cheaper.
Fine Crossbred Early Shorn and Second Shear 31 micron 3 to 5 and 3 to 4 inch remained firm. Coarse Crossbred Fleece of nominal 32 micron 3 to 5 to 3 to 4 inch was 4.5 percent cheaper while 33 to 35 micron3 to 5 to 2 to 4 inch was 6 to 7 percent cheaper.
Coarse Crossbred Early Shorn and Second Shear 37 micron and coarser 3 to 5 to 2 to 4 inch was 5 percent cheaper while 2 to 3 inch was 3 percent cheaper.
Crossbred Combing Oddments were 5 percent cheaper while Clothing Oddments, average colour were 5 percent cheaper and poor colour were 2.5 percent cheaper.
Next sale on 23rd October comprises approximately 8,800 bales from the South Island.

Next in Business, Science, and Tech

Funding For R&D; In New Zealand – Expert Reaction
By: Science Media Centre
COVID-19: NZ Joins Global Initiative Keeping Ports Open And Freight Moving
By: Maritime New Zealand
National Backs Businesses With $10k JobStart
By: New Zealand National Party
Government Exempts Some Home Improvements From Costly Consents
By: New Zealand Government
The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards
By: New Zealand Media and Entertainment
ASB Takes The Lead Again With New Low Home Loan Interest Rate
By: ASB Bank
The Problems With Testing And Case Statistics For Covid-19
By: Nathan Hoturoa Gray
Fletcher Building to lay off 1000 staff in New Zealand
Driving prompt payments to small businesses
By: New Zealand Government
On Why We Should Legally Protect The Right To Work From Home
By: Gordon Campbell
Supporting Kiwi businesses to resolve rent disputes
By: New Zealand Government
Understanding 5G Concerns – Expert Q&A;
By: Science Media Centre
Record Monthly Surplus As Imports Dive
By: Statistics New Zealand
Bar reopening night 'much, much quieter'
New Zealand’s population passes 5 million
By: Statistics New Zealand
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media