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

 


Underlying Strength To Wool Market

Underlying Strength To Wool Market

Mr John Dawson, General Manager, New Zealand Wool Services International Limited reports that although the South Island sale saw several categories at slightly lower price levels than last week’s North Island sale, there is still steady demand and a general underlying strength to the market.

Of the 10,362 bales offered this week, which was considerably more than anticipated, 75 percent of the offering sold. The passed-in wools were predominantly lots with inflated grower reserves.

The weighted indicator for the main trading currencies was unchanged compared to the last sale on 1st November.

Mr Dawson advises that Merino Fleece were firm to 4 percent cheaper. Mid Micron Fleece finer than 26 micron were firm to 3.5 percent dearer, 26.5 to 30 micron were up to 4 percent cheaper with 30.5 to 31.5 microns up to 6 percent dearer. Fine Crossbred Fleece generally remained firm. Longer Fine Crossbred Shears were 1.5 to 4.5 percent dearer with shorter types firm. Coarse Crossbred Fleece were generally buyers favour. Longer Coarse Shears were up to 1.5 percent easier with shorter types 1 to 3 percent cheaper. Oddments were 7 percent stronger.

Good competition with China, India and Western Europe principals supported by Middle East and the United Kingdom.

Next sale on 15th November comprises approximately 9,125 bales from the North Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news