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

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news