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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news