Wool Generally Holds Its Ground

Published: Thu 25 Jun 2015 04:59 PM
Wool Generally Holds Its Ground
New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island auction comprising 20,585 bales saw a 91 percent clearance and a generally firm market except for the previously over pressured Fine Crossbred types which eased slightly.
The weighted indicator for the main trading currencies was down 1.47 percent compared to the last sale on 11th June helping underpin local values.
Mr Dawson advises that Finer Mid Micron Fleece were 3 to 6 percent easier with the coarser types firm to 2 percent dearer.
Fine Crossbred Fleece and Shears which had been under pressure for the Chinese market eased 2 to 6 percent.
Coarse Crossbred Full Fleece were firm in the South Island and ranged from firm to 3.5 percent cheaper in the North. Longer Coarse Shears were 1 to 2.5 percent cheaper with the short types 1 to 2 percent dearer.
First Lambs were 1 to 3 percent easier.
Long Oddments were firm to 3 percent dearer with short oddments ranging between 1 to 7 percent stronger.
The end of season sale was well supported with China, Australasia and the Middle East principals, supported by India, Western Europe and the United Kingdom.
The first sale for the 2015/16 season on 9th July comprises approximately 9,400 bales from the North Island.

Next in Business, Science, and Tech

Vision to unite the primary sector launched today
By: New Zealand Government
Half Year Economic and Fiscal Update 2019
By: New Zealand Treasury
Competitiveness and transparency in the retail fuel market
By: New Zealand Government
A safer banking system for all New Zealanders
By: Reserve Bank
Feds happy to see recognition for the future of farming
By: Federated Farmers
Primary Sector Council’s unification vision welcomed
By: Horticulture NZ
Strong economy, careful spending gives $12bn of surpluses
By: New Zealand Government
Priorities for 2020 Wellbeing Budget outlined
By: New Zealand Government
Govt delivers deficits, broken promises, weaker economy
By: New Zealand National Party
New Zealand the most heavily taxed country in Asia-Pacific
By: ACT New Zealand
No excuse for an election-year deficit
By: New Zealand Taxpayers' Union
Study recommends changes to benefit competion
By: Commerce Commission
Process concerns in market study
By: BusinessNZ
“At last!” says MTA in response to fuel market findings
By: Motor Trade Association
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media