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

 

Wool Continues To Firm

Wool Continues To Firm

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island wool auction comprising 15,100 bales saw an overall firming trend with a 90.7 percent clearance.

The weighted currency indicator hardly altered, easing 0.25 percent, having minimal impact.

Mr Dawson advises that there were some price variations between selling centres reflecting localised covering requirements with the main driver continuing to be limited supply and firming Compared to the 16th Mid Micron Fleece 25 to 30.5 micron were firm to 2 percent dearer.

Fine Crossbred Full Fleece 32 to 35 micron were firm to slightly dearer in the South and slightly easier in the North. Fine Crossbred Shears were firm to 3 percent dearer.

Coarse Crossbred Fleece were generally firm to 2 percent stronger. Coarse Second Shears were firm to 3 percent dearer.

First Lambs were 1 to 4 percent firmer except the finer types in the North which eased slightly.

Long Oddments were firm to 8 percent dearer with short types 3 to 6 percent stronger.

Wider interest with China, Australasia, India and Western Europe principals, supported by United Kingdom and the Middle East.


January comprises approximately 8,300 bales from the North Island and 7,200 bales from the South Island.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO:

'Work Experience': Welfare Group Opposes The Warehouse Workfare

“This programme is about exploiting unemployed youth, not teaching them skills. The government are subsidising the Warehouse in the name of reducing benefit dependency,” says Vanessa Cole, spokesperson for Auckland Action Against Poverty. More>>

ALSO:

Internet Taxes: Labour To Target $600M In Unpaid Taxes From Multinationals

The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader Andrew Little. More>>

ALSO: