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


North Island wool prices generally solid

North Island wool prices generally solid

New Zealand Wool Services International Ltd reports that prices at today’s sale of 7,000 bales of North Island wool, in Napier, generally held steady for the bulk of wools on offer.

During the sale the currency was comparable to the previous auction on 1 May. However, shortly after the conclusion of the sale, the New Zealand dollar weakened significantly.

Second shear types, which comprised 50 per cent of the selection on offer in Napier, were firm for most of the sale. However, according to New Zealand Wool Services International, second shears came under extreme pressure towards the sale’s conclusion, with longer categories jumping in price a further three per cent.

Only the 2/3 inch shears did not benefit from this strengthening trend, easing in price by one per cent through the day.

Good style full-length crossbred fleece was one per cent dearer, with other styles fully firm.

Longer lambs’ fleece remained firm, being strongly contested, though again the shorter types softened slightly.

The predominantly shorter length oddment selection, which was generally less stylish than last week’s offering, eased between one and three per cent.

Next week’s wool auction will be of South Island wool only, held on Thursday 15 May, comprising approximately 10,700 bales, in Christchurch.

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


Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>


Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


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>>