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

 


Wool Continues To Ease

Wool Continues To Ease

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 19,700 bales on offer from this week’s combined North and South Island auction saw an 80 percent clearance with generally lower price levels for most categories.

The weighted indicator for the main trading currencies weakened 0.96 percent compared to the last sale on 24th January however this favourable factor had limited impact on local prices.

Mr Dawson advises that Mid Micron Fleece were firm to 4 percent cheaper.

Fine Crossbred Fleece and longer shears 32 to 35 micron were generally 2 to 4 percent cheaper with the shorter types 1.5 to 3.5 percent easier.

Coarse Crossbred Fleece were 2.5 to 6 percent weaker with the coarser, poorer styles affected the most.

Coarse Shears were generally 2 to 6 percent cheaper except a small offering of the shorter types in the South Island which were between firm and 4.5 percent stronger.

First Lambs were 2 to 4 percent cheaper. Longer Coarse Oddments were generally unchanged overall with the shorter types generally 3 to 5 percent easier.

Overall it was a mixed market with targeted buying between types and selling centres with local shipping requirements playing a major role. Chinese buying will slow now as businesses start closing for the Chinese New Year celebration.

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

Next sale on 8th February comprises approximately 8,100 bales from the North Island and 6,200 bales from the South Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Employment: ANZ Proposes Casualisation In Whangarei Stores

ANZ workers in Whangarei could see their incomes drop by 20 to 40 percent if the bank’s proposal to reduce the number of full-time positions goes ahead says FIRST Union national organiser Tali Williams. More>>

Finance: BNZ Develops Specialist Tāmaki Māori Banking Team

BNZ develops specialist Tāmaki Māori Banking Team to support Māori as Auckland grows More>>

Pharmaceuticals: Commerce Commission To Consider Pharmaceuticals Merger

The Commerce Commission has received an application from Pfizer Inc. seeking clearance to acquire all of the shares in Hospira Inc. More>>

Real Estate: Housing Unaffordability Issues Spread

Surging house prices in Auckland and Queenstown last month pushed home ownership even further beyond the reach of first home buyers in the two districts, according to the AMP360 Home Loan Affordability Report for March. More>>

Statistics NZ: Annual Exports To China Dip Below Australia

The value of goods exports to Australia ($8.7 billion) surpassed those to China for the year ended March 2015, Statistics New Zealand said today. More>>

Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news