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

 


Wool Remains Solid

Wool Remains Solid


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson advises that the combined North and South Island sale comprising 14,100 bales saw a 91.2 percent clearance with an overall firm market tone.

The weighted indicator for the main trading currencies increased by 0.42 percent compared to last sale on 29th November with little impact in most areas.

Mr Dawson reports that recent renewed activity from China has helped stimulate the finer sector of the market with carpet types generally holding their ground.

Mid Micron Fleece strengthened 1.5 to 5 percent. Fine Crossbred Full Fleece ranged from firm to 5 percent stronger. Fine Crossbred Shears 2 to 4 inches to 3 to 5 inches were generally 2 to 5 percent dearer with only the shorter types decreasing by up to 3 percent.

Coarse Crossbred Fleece and Shears were generally firm to buyers favour. First Lambs Fleece were firm to 2 percent dearer.

Long Oddments were buyers favour with shorter types firm to 4 percent stronger.

China dominated the market with limited support by Western Europe, Middle East, United Kingdom, India and Australasia.

Next sale on 13th December comprises approximately 7,200 bales from the North Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

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:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news