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

 

Auckland Port Study: Port To Ship Out – No Departure Date

Interest groups in Auckland and its waterfront chose a group of representatives to determine the future of the port. Their consensus is that the Port is going to have to move but not before a credible location is confirmed... More>>

ALSO:

Tax: GST Threshold For Online Purchases Won't Lower Before 2018

The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

ALSO:

North Canterbury: Government Extends Drought Classification

The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

ALSO:

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Other Centres' Convention Centres:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news