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

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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