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

 

Petya: New Ransomware Campaign Hits Worldwide

A new ransomware campaign known as Petya is affecting computer networks using Microsoft Windows. It was first seen affecting systems in the Ukraine, but is quickly spreading across other computer networks in Europe. More>>

ALSO:

Skodafone Goneski: Sky TV, Vodafone Drop $3.44 Billion Merger Plan

Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan. More>>

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>