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

 


Wool Prices Gain

Wool Prices Gain


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 9,400 bales on offer in the South Island this week saw a 91 percent clearance and an overall stronger market.

The weighted indicator for the main trading currencies was 0.71 percent lower than the last sales on 21st February, adding impetus to local price levels.

Mr Dawson advises that a small offering of Mid Micron wool 25 to 29 microns were nominally 2 percent dearer.

Fine Crossbred Fleece 32 to 35 micron were firm to 3 percent stronger with the Second Shears firm to 1 percent dearer.

Good style Coarse Carpet Fleece were 1.5 to 2.5 percent stronger with the poorer styles 2.5 to 4 percent dearer. Longer Coarse Shears increased 1.5 to 4 percent with the shorter types firm to 2.5 percent dearer.

First Lambs Fleece 31 micron and finer were 1 to 3 percent dearer with coarser types 3 percent stronger.

Combing oddments lifted by 3 to 4 percent with shorter oddments firm to 2 percent dearer.

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

Next sale on 7th March comprises approximately 16,000 bales from the North Island and 8,800 bales from the South Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Cyclone Cook: Round Up Of This Week’s Weather

One of the significant impacts this week was flooding due to excessive rainfall amounts. Rainfall amounts topped out at 350mm over the past 60 hours in parts of northwest Nelson, with 200mm+ measurements recorded about Coromandel Peninsula, and between 150-200mm in the Kaimai Ranges. Rainfall amounts of between 30-50mm were commonplace elsewhere. More>>

ALSO:

Earlier: Batten Down The Hatches For Cyclone Cook

Although fast-moving, Cyclone Cook will be destructive and MetService Expert Meteorologists have issued Severe Wind Warnings for the whole of the North Island apart from Northland... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news