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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Shocking Dairy Footage: MPI Failing Our Animals And Damaging Our Reputation

Greens “Nathan Guy needs to urgently look into how his ministry is enforcing animal welfare standards, how these appalling incidents happened under its watch and what it’s going to do prevent similar incidents happening again in the future." More>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news