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

 


Wool Market Firm

Wool Market Firm

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 8,600 bales of North Island wool on offer saw a generally strong market with a 95 percent clearance.

Despite the Weighted Indicator for the main trading currencies strengthening by 1.04 percent compared to the last sale on 22nd November, local prices remained firm and in many cases increased slightly, pushing prices higher in overseas customer’s terms.

Mr Dawson advises that Fine Crossbred Fleece and Shears 32 to 35 micron generally remained firm.

Coarse Crossbred Fleece and longer shears 36 micron and coarser ranged from firm to 2.5 percent dearer. The 2 to 4 inch shears were the only group to soften this week, easing by 1 to 2 percent. Shorter shears strengthened 1.5 percent.

Long Oddments were up to 3 percent dearer with short types ranging from firm to 5 percent stronger.

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

Next sale on 6th December comprises approximately 6,000 bales from the North Island and 7,600 bales from the South Island.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Business Research And Development Up 29 Percent

Computer services and machinery manufacturing firms led the way in an almost 30 percent lift in business spending on research and development (R&D) in 2016, Stats NZ said today. Businesses spent $1.6 billion on R&D in 2016, up $356 million (29 percent) from 2014. More>>

ALSO:

China Shopping: NZ-China FTA Upgrade Agreed Among Slew Of New Deals

New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries. More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news