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.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Hurunui: Crown Irrigation Invests Up To $3.4m In North Canterbury

Crown Irrigation Investments will invest up to $3.4m in the Hurunui Water Project, an irrigation scheme that will be capable of irrigating up to 21,000 hectares on the south side of the Hurunui River in North Canterbury. More>>

ALSO:

Not So Great:Butterfly Eradication Success

The invasive pest great white butterfly has been eradicated from New Zealand in a world-first achievement, Primary Industries Minister Nathan Guy and Conservation Minister Maggie Barry say. More>>

Gordon Campbell: On The Government’s Tax Cuts Fixation

Long before the earthquake hit, the dodginess of the government tax cuts programnme was evident in the language of its packaging. It is being touted as a “tax cuts and family care” package... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news