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

 

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:

Scoop Business: Wheeler Downplays Scope For ‘Large’ Rates Fall

Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. More>>

ALSO:

Ruataniwha Dam: Consent Conditions Could Mean Reduced Intensity

Legal advice sought by the Hawke’s Bay Regional Council on the Ruataniwha Dam consent conditions has confirmed that farmers who sign up to take water from the dam could be required to reduce the intensity of their farming operation to meet the catchment’s strict nitrogen limit. More>>

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news