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

 

Rocket Lab: Launch Expected

Rocket Lab has delayed the roll out of the launch vehicle called Electron by one day, due to weather conditions. The planned launch attempt will now take place on Tuesday, May 23, 2017. More>>

ALSO:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: