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


Wool Holds Its Ground

Wool Holds It’s Ground

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 10,600 bales of South Island wools on offer this week saw a generally solid market and an 82 percent clearance.

The weighted indicator for the main trading currencies strengthened slightly by 0.14 percent, having no effect on the market.

Mr Dawson advises Merino Fleece prices when compared to last sold on 8th November, 18 Micron and finer eased 3 to 4 percent bringing them to the same market level as their Australian counterparts.

Mid Micron Fleece 26 to 28 micron were firm to 1 percent dearer with 28.5 to 31.5 microns 2 to 5 percent stronger.

Compared to the last sale on 15th November, Fine Crossbred Fleece 32 to 35 Micron were firm to 4 percent dearer. Longer Shears were 2 to 4 percent stronger with shorter types generally firm.

Coarse Crossbred Fleece 36 micron and coarser were firm to 1 percent dearer. Longer Shears were firm to 3 percent stronger with 2 to 4 inch firm and shorter types 1 to 2 percent easier.

Oddments were firm to 3 percent stronger.

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

Next sale on 29th November comprises approximately 8,500 bales from the North Island.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news