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: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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