Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Strong dollars pushes down local wool prices

Strong New Zealand dollars pushes down local wool prices

New Zealand Wool Services International Ltd reports that prices suffered at today’s combined auction of 17,600 bales of North and South Island wool in Napier and Christchurch as a result of a significantly stronger New Zealand dollar.

The New Zealand dollar has risen 2.2 per cent against the US dollar since the previous wool sale on 21 February,

Average and poorer style wools generally eased by the full currency factor. Full fleece types experienced the greatest impact in the North Island sale, while in the South Island second shears softened the most.

According to New Zealand Wool Services International, good colour coarse early shorn and full fleece wools withstood the currency pressure, remaining very firm on the back of stiff competition as volumes of these types seasonally diminish.

Prices of longer lambs wool remained firm as a result of increased Chinese activity, however the shorter lengths eased in line with the currency, with the greatest impact felt for the North Island lamb offering.

The next wool auctions will be held on Thursday 6 March, combining North and South Island wool, comprising 18,200 bales.

New Zealand Wool Services International publishes a detailed weekly report on New Zealand wool auction trends. A summary of this can be viewed at The full report is available by negotiation with the company.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>


New Report: Waitākere Kauri - Look After It, Or Lose It

With no cure for kauri dieback disease and treatment options still being trialled, the Auckland region faces a very real threat – take urgent action in the Waitākere Ranges or risk losing kauri from our forests altogether. More>>