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

 

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news