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

 

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Half Empty: Dairy Prices Drop To Lowest Since August 2009

Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
More RSS  RSS
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news