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

 


Wool Generally Steady

Wool Generally Steady

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island Wool Auction comprising 15,300 bales saw some variation in price levels between types and selling centres compared to last sale on 31st January, however overall the market generally steadied.

The weighted indicator for the main trading currencies was unchanged with 87 percent of the offering sold.

Mr Dawson advises that steady enquiry and lower than expected wool flow is helping the market to stabilise.

Mid Micron Fleece 28 and 29 micron were up to 2 percent firmer with 30 micron 1.5 percent easier.

Fine Crossbred Fleece were generally firm with the Second Shear types ranging from firm to 4 percent stronger.

Coarse Crossbred Fleece varied between Islands with the South up to 1.5 percent firmer and the North firm to 2 percent cheaper.

Overall the Coarse Shears were firm to slightly dearer.

Short First Lambs were firm in the North and between 1 and 4 percent easier in the South.

Long Coarse Oddments were 3 to 5 percent cheaper with Short Oddments strongly contested lifting between 6 and 13 percent.

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

Next sale on 14th February comprises approximately 7,500 bales from the North Island and 6,600 bales from the South Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news