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


Strong gains at weekly wool sale

Strong gains at weekly wool sale

New Zealand Wool Services International Ltd reports prices gained significantly at today¹s Christchurch sale of 10,000 bales of South Island wool.

Since the previous auction on 8 May, the New Zealand dollar has fallen by around 2.5 per cent against major trading currencies, which was a factor in the price rises.

According to New Zealand Wool Services International, well-spread competition, stimulated by restricted wool volumes and anticipated shortfalls in the near future, has also helped drive prices up.

The small offering of mid micron wools strengthened between six and seven per cent compared to 17 April, which was the last time they were offered.

A small selection of fine crossbred fleece and shears attracted strong interest, gaining between 3.5 and seven per cent.

Coarse crossbred fleece and shears increased between 2.5 and seven per cent, with the poorer styles attracting the most interest as seasonal volumes diminish.

Longer lambs¹ fleece strengthened four to seven per cent, with the shorter types gaining between two and four per cent.

Oddments were in strong demand, making gains of four to eight per cent.

Next week¹s wool auction will be of North Island wool only, held on Thursday 22 May, comprising approximately 7,800 bales in Napier, which is 5,200 bales less than was previously scheduled for this sale.

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>>