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

 

Fund For PPP Plans: Govt Embraces Targeted Rates To Spur Urban Infrastructure

The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. More>>

ALSO:

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO: