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

 

NZWSI Weekly Wool Market Report: Wool Softens

NZWSI Weekly Wool Market Report: Wool Softens

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that this week’s combined offering of 16,800 bales saw a firm to slightly cheaper market despite an easier New Zealand dollar. The clearance rate of 78 percent also reflects the higher volumes of average style wools coming onto the market and growers expectations of higher offering prices, lifting the volume of passed in wools.

The weighted indicator for the main trading currencies came down 1.16 percent compared to the last sale on 23rd January.

Mr Dawson advises that Fine Crossbred Full Fleece and Second Shears ranged from firm to 3 percent easier.

Coarse Crossbred Full Fleece were 1 to 2 percent cheaper, except the best style in the North Island which lifted by 1 percent. Coarse Shears were 1 to 3 percent cheaper.

First Lambs ranged from firm to 4 percent easier with North Island wools affected the most.

Long Oddments were 2 to 3 percent cheaper in the South and up to 1.5 percent dearer in the North. Short Oddments were 1 to 4 percent softer.

Limited competition with most interest from China, India and Australasia, supported by Middle East, Western Europe and the United Kingdom.

Next sale on 5th February comprises approximately 7,500 bales from the North Island and 6,800 bales from the South Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO:

New Report: Waitākere Kauri - Look After It, Or Lose It

With no cure for kauri dieback disease and treatment options still being trialled, the Auckland region faces a very real threat – take urgent action in the Waitākere Ranges or risk losing kauri from our forests altogether. More>>

ALSO: