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

 


Little Change to Wool Market

Little Change to Wool Market

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson advises that although different sectors in each sale in the North and South Island showed small gains and losses this week, it was generally a steady market overall.

Of the 15,334 bales on offer 76 percent sold, reflecting dissatisfaction with current market levels by some growers not prepared to sell.

There were also different market movements between selling centres for comparable types reflecting processing and shipping requirements amongst local exporters.

The weighted indicator for the main trading currencies was 0.79 percent lower than the last sale on 13th February but had minimal impact on the market.

Mr Dawson reports that Fine Crossbred Fleece and Shears were firm to 2 percent dearer in the South Island and 1 to 2 percent cheaper in the North Island.

Good colour fleece in the South were 1 percent dearer and firm in the North. Average style full fleece were firm to 2 percent easier with poor styles 1 to 2 percent cheaper.

Shears varied between Islands with better styles generally firm to 2 percent dearer and poorer styles 1 to 3 percent cheaper.

First Lambs Fleece ranged from 2 percent cheaper to 1 percent dearer.

Long Oddments averaged out to be firm with shorter types 1 to 2 percent dearer.

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

Next sale on 27th February comprises approximately 7,600 bales from the South Island only.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news