INDEPENDENT NEWS

Wool Market Stabilises

Published: Thu 21 Apr 2016 04:16 PM
Wool Market Stabilises
New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that the 9,500 bales from this week’s South Island offering saw a 74.5 percent clearance with prices now coming into line with last week’s North Island levels.
The weighted currency indicator was up 0.56 percent, having minimal impact.
Mr Dawson advises that compared to the last sale on 14th April prices for Fine Crossbred Full Fleece were firm with shears firm to 2 percent easier.
Coarse Crossbred Full Fleece remained firm and shears were firm to 1.5 percent easier.
First Lambs saw 2 to 3 inches up to 1 percent firmer, 2 to 4 inches 2.5 percent cheaper and 3 to 4 inches firm.
Long Oddments were firm to 2 percent dearer with short types up to 4 percent stronger.
Significant discounts still apply for high seed content lines.
Limited competition with buying for Chinese interests dominating, supported by Australasia, Western Europe, Middle East and India.
Next sale on 28th April comprises approximately 5,100 bales from the North Island.
ENDS

Next in Business, Science, and Tech

NAIT Levy Increases Must Achieve Accurate, User-friendly System
By: Federated Farmers
More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued
By: Westpac
Card Spending Continues To Increase As COVID-19 Restrictions Ease
By: Statistics New Zealand
Job Market Ends 2021 On A High With Record Number Of Vacancies
By: Trade Me Jobs
September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M
By: Insurance Council of New Zealand
Building Consents Hit New Highs In November
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media