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

 

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO:

'Work Experience': Welfare Group Opposes The Warehouse Workfare

“This programme is about exploiting unemployed youth, not teaching them skills. The government are subsidising the Warehouse in the name of reducing benefit dependency,” says Vanessa Cole, spokesperson for Auckland Action Against Poverty. More>>

ALSO:

Internet Taxes: Labour To Target $600M In Unpaid Taxes From Multinationals

The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader Andrew Little. More>>

ALSO: