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

 


Wool Market Softens

Wool Market Softens

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island Wool Sale offering 16,850 bales saw a softening in price levels as pressure from urgent shipping requirements came off.

Some grower resistance was evident as the passing levels indicated at 13 percent.

Fine Crossbred Fleece and Early Shorn decreased overall by up to 1.5 percent. Coarse Crossbred Fleece 37 to 39 micron reduced 1.5 to 2 percent in the South Island while in the North Island declined by 2.5 to 5 percent.

Coarse Crossbred Early Shorn and Second Shear reduced 2.5 to 5 percent.

First Lambs were mainly offered ex North Island, these retraced their levels from the previous week declining 5 percent.

Crossbred Oddments both Combing and Carding were 1 to 2 percent cheaper.

China is the dominating participant while Australasia, Western Europe and to a limited support were India and the United Kingdom.

Next sale on 31st January comprises approximately 9,000 bales from both the North and South Islands totalling 18,000.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Revenue Renewal: Tax Modernisation Programme Launched

Revenue Minister Todd McClay today released the first two in a series of public consultations designed to modernise and simplify the tax system. More>>

ALSO:

Scoop Business:
NZ Puts Seven New Oil And Gas Areas Put Up For Tender

A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More>>

ALSO:

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news