\t\t\t\tReading Time: < 1 minute<\/p>\n
Upward-trending wool prices continue to bring optimism for growers amid increased buyer activity.<\/p>\n
The latest South Island auction in Christchurch saw a 5% lift in the strong wool fleece market, while Merino and half-bred fine wool lifted up to 8%.\u00a0 \u00a0 The lift in prices is positive and a welcome boost for the industry, PGG Wrightson Wool South Island auction manager Dave Burridge said.\u00a0<\/p>\n
\u201cThe fine wool market has continued the upwards momentum as set from the start of the season while capitalising on the strong demand-driven market from across the Tasman as well.\u00a0<\/p>\n
\u201cThe mid-micron market continues to show active demand and finishing in seller\u2019s favour.\u00a0<\/p>\n
\u201cThe crossbred wools saw active competition for stylish and well-prepared lots breaking well through the 400c\/kg clean barrier.\u201d<\/p>\n
Average sale prices had all crossbred fleece up 5% with good style at $4.00 a kilogram; average style $3.85\/kg and inferior $3.65\/kg while second shear lifted 2% to sell from $3.65-$3.85\/kg.<\/p>\n
Merino fleece best top making 16 micron was up 3% selling at an average of $22.00\/kg; 17 micron up 4% at $20.70\/kg; 18 micron up 8% at $19.40\/kg and 19 micron up 5% at $18.10\/kg<\/p>\n
Half-bred hogget fleece averaged $12.40\/kg; half-bred 25 micron $9.50\/kg; mid micron half-bred at 30 micron lifted 7% to $5.35\/kg and 28 micron was up 4% at $6.30\/kg.\u00a0 \u00a0<\/p>\n
Declining sheep numbers continue to be a key factor amid strong buyer interest coming from China and Europe.<\/p>\n
While currently there is still plenty of wool around, looking ahead, speculation is that demand will continue to lift for well-prepared clip, with the new season sales in December expected \u201cto be interesting\u201d.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Reading Time: < 1 minute Upward-trending wool prices continue to bring optimism for growers amid increased buyer activity.…\n","protected":false},"author":2,"featured_media":25770,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,61,60,123],"class_list":{"0":"post-25769","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-ie","10":"tag-ireland","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/25769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=25769"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/25769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/25770"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=25769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=25769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=25769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}