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

 

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news