Scoop has an Ethical Paywall
Subdued Demand And Strong Dollar Softens Wool Market
SUBDUED DEMAND AND STRONG DOLLAR SOFTENS WOOL MARKET
New Zealand Wool Services International Limited’s CEO, Mr John Dawson reports that the strong New Zealand dollar and restricted off-shore interest saw local prices ease.
Of the 8,300 bales on offer 65 percent sold.
The weighted currency indicator compared to the previous weeks’ auction lifted 0.65 percent.
Mr Dawson advises that compared to last week’s offering on 25th May:
Fine crossbred shears and fleece were buyers favour to 2 percent dearer.
Coarse crossbred good & average style full fleece was firm with poorer styles easing 5 percent.
Coarse longer shears were down 2 to 4 percent with the shorter 2 to 3 inch shears remaining firm.
Fine first lambs eased 2 percent with 30 micron and coarser increasing 4 percent.
Combing oddments were firm with clothing oddments sellers favour.
Next sale on 8th June comprises approximately 8,500 bales from the North Island.
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
