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

 


Wool Prices Mixed

Wool Prices Mixed

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island auction this week saw variation between selling centres with an overall softer market for the 14,800 bales on offer and an 81 percent clearance.

The weighted indicator for the main trading currencies hardly altered compared to last sale on 30th January, firming 0.12 percent having no impact on the market.

Mr Dawson advises that some sectors held their ground as orders for short term shipment needed to be covered, with harder to sell types being discounted. Good and poor style fleece fared better than average style wools. Lines containing a high degree of tenderness were discounted significantly.

Fine Crossbred Fleece and Shears ranged from firm to 3 percent cheaper.

Coarse Crossbred Full Fleece were firm to 5 percent easier, with average style tender wools down the most.

Coarse Shears were generally firm to 3 percent easier.

First Lambs Fleece were firm to 3 percent cheaper. Combing Oddments in the South were 2 to 4 percent dearer and up to 1.5 percent cheaper in the North. Short Oddments were firm to 2 percent cheaper.

Limited activity with China, Australasia and India principal activity, supported by Western Europe, Middle East and United Kingdom.

Next sale on 13th February comprises approximately 6,400 bales from the North Island and approximately 5,000 bales from the South Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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