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

 


North Island Wool Values Increase in Line with South Island

North Island Wool Values Increase in Line with South Island Levels


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 12,500 bales of North Island wool on offer this week generally lifted to come into line with South Island levels. There was a 93 percent clearance rate.

Compared to the last sale on 19th December the currency indicator firmed by 0.45 percent having minimal impact on the market.

Mr Dawson advises that the first sale after the Christmas break was well supported assisted by the cancellation of the rostered South Island sale and limited anticipated volumes available next week.

Fine Crossbred Fleece and Shears of good and poor colour were firm to 1 percent dearer with average styles lifting 5 percent.

Coarse Crossbred Fleece of good and poor colour were up 2 to 3 percent with average styles 5 percent stronger.

Coarse Shears were generally 1 to 2 percent firmer except average style 3 to 5 inches and better style 3 to 4 inches 5 to 7 percent dearer.

Short First Lambs Fleece remained firm. Long Oddments were 1 percent firmer with Short Oddments firm to 4 percent easier.

Limited competition with China and Australasia dominating, supported by Western Europe, Middle East and India.

Next sale on 16th January comprises approximately 10,300 bales from the North Island and 7,600 bales from the South Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Wool Exports Jump To The Highest In More Than A Decade

New Zealand wool exports jumped to their highest level in more than a decade in June, aided by a lower currency and strong demand from China, the nation’s largest market. More>>

ALSO:

Surreal Estate: Home Values Rise At Fastest Rate In Seven Years

The latest monthly QV House Price Index shows that nationwide residential property values for July have increased 10.1% over the past year which is the fastest annual rate since 2007... The Auckland market has increased 18.8% year on year. More>>

ALSO:

New Employment Laws: Talley’s AFFCO Workers To Strike

The decision comes after the Talley’s owned company walked away from mediation last week and applied to end bargaining under the government’s new employment laws - the first such application since the law came into effect. More>>

ALSO:

Private Action: Employer Pleads Guilty Over Forestry Death

The CTU has always known that the death of forestry worker Charles Finlay was due to the poor health and safety practices of his employer... "The CTU, with the support of Charles’s family, needed to take this ground breaking private prosecution." More>>

ICT Innovation: Six NZ Finalists In World Summit Awards

The awards are a global showcase of 40 projects, across eight categories, with a special emphasis on those which show the benefits of information and communication technology for the development of communities. New Zealand has finalists in six of the eight categories. More>>

ALSO:

Final Frontier: Rocket Lab And NASA Sign Commercial Space Launch Agreement

Rocket Lab has signed a Commercial Space Launch Act Agreement with the National Aeronautics and Space Administration (NASA). The agreement enables Rocket Lab to use NASA resources - including personnel, facilities and equipment - for launch and reentry efforts. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news