First wool sale help prices gain in Napier

The first wool sale of the year last week in Napier saw a large offering of wool where prices improved from levels seen at Christmas. There were 15,000 bales sold and that was a good sign that there’s plenty of demand out there. At the moment, it is a bit of a level and looking forward to see further gain in wool prices, Elders Primary Wool national wool manager Simon Averill said.

The best style crossbred fleeces made 535c per kilogram, average fleeces made 495c and poorer fleeces sold for 435c. Averill hoped values would lift higher as the effects of demand outweighing supply became more prominent. He hopes to see that there is less wool around than what people have predicted and that might help drive the price up.

Last year’s drought had resulted in farmers killed their ewes and this had created a shortage of wool

Recent Posts

BRÜCKNER strengthens focus on environmental and energy technology

To further strengthen energy efficiency efforts, BRÜCKNER has set up a dedicated "Environmental and Energy Technology" department, led by Andreas…

2 hours ago

Spiber, Botto Giuseppe to launch 100% brewed protein yarn

Spiber. Botto Giuseppe to introduce a 100% Brewed Protein yarn. This partnership follows the successful development of this unique bio-based…

2 hours ago

New textile treatment enhances dye absorption

A recent study introduces an innovative approach to improving the dye absorption of natural fabrics using special chemical compounds called…

3 hours ago

Harsh Vardhan Jalan, Liva Fabrics unveil sustainable collection

Harsh Vardhan Jalan has collaborated with Liva Fabrics to launch a couture collection named 'Prana', which embodies sustainability and artistic…

1 day ago

AbTF introduces transparency standard for organic cotton

The Aid by Trade Foundation (AbTF) has launched a new transparency standard to improve the tracking of sustainable cotton throughout…

1 day ago

RapidMade launches innovative thermoformable carbon fiber

RapidMade, a company specializing in 3D printing, thermoforming, and engineering services, has launched Aerolite in partnership with West Lake Plastics.

1 day ago