Limited wool supplies keeps auction prices on the boil

The value of nearly all wool lifted at last week’s combined North and South Island sale, by up to 5% for cross-bred fleece and 7% for lambs’ wool, regardless of the negative impact of a stronger New Zealand dollar on export returns.

Limited supplies of New Zealand wool is helping to keep auction prices on the boil at the first sales of the New Year.

The shortage led to the first South Island sale of the year being cancelled.

This week’s sale will be another light one, with a bit over 14,000 bales of North and South Island wool rostered for auction.

Exporter New Zealand Wool Services International says that’s due to a combination of renewed interest from buyers and the restricted supplies still coming through for auction.

Recent Posts

Nextevo showcases chemical-free pineapple leaf fiber

Nextevo has introduced its 100% chemical-free pineapple leaf fiber to the global market, highlighting its sustainable qualities and versatile applications.

7 hours ago

Benin emerges as a sustainable textile production hub

Benin is positioning itself as a new center for sustainable textile production, backed by the Aid by Trade Foundation’s (AbTF)…

7 hours ago

Teijin Frontier introduces Octair insulation fiber

Teijin Frontier has announced Octair, an advanced polyester insulation fiber designed for bedding and apparel, making it ideal alternative to…

7 hours ago

Gebrüder Otto, ITA Augsburg develop towels with 50% recycled fiber

Gebrüder Otto has partnered with the Recycling Atelier at ITA Augsburg to create cotton towels using yarns made from 50%…

1 day ago

Scientists develop silk threads, turning clothing into power sources

Scientists have found a way to turn textiles into energy sources by creating a unique silk thread coated with a…

1 day ago

The LYCRA Company launches LYCRA TOP COMFORT fiber

The LYCRA Company has introduced its newest advancement for pantyhose waistbands, called LYCRA® TOP COMFORT fiber.

1 day ago