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

 

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:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news