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

 


Wool Firms

Wool Firms


New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that a stronger New Zealand dollar, limited wool availability and renewed client interest combined to underpin the combined wool auction this week with practically all wool types increasing in value.

Of the 18,100 bales on offer, 93 percent sold. Compared to the last sale on 9th January the weighted indicator for the main currencies increased by 0.81 percent.

Compared to last time sold on 19th December, Mid Micron Fleece 27 to 28.5 microns were slightly easier by 1 to 2.5 percent with 29 to 31 microns 2 to 4.5 percent stronger.

Compared to the 9th January sale, Fine Crossbred Fleece and Shears 31.5 to 35 microns ranged from 1 to 5 percent dearer.

Coarse Crossbred Fleece 36 micron and Coarser were 1 to 5 percent dearer with the average styles increasing the most.

Coarse Second Shears were 1 to 3 percent firmer. First Lambs 27 to 31 microns were firm to 7 percent dearer with the finer types increasing the most.

Combing Oddments eased by 2 to 4 percent with short types slightly easier in the South but up to 3 percent dearer in the North.

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

Next sale on 23rd January comprises approximately 8,200 bales from the North Island and 6,000 bales from the South Island.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news