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 Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news