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

 

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Planes: Jetstar Launches Regional Network

Jetstar, the Qantas Airways budget offshoot, launched its new regional network in New Zealand with special $9 one-way fares and has narrowed down its choices to five routes and four destinations - Nelson, Napier, New Plymouth, and Palmerston North. More>>

ALSO:

Fisheries: Report On Underrsize Snapper Catch

The report found that commercial fishers caught 144 tonnes of undersized snapper in the Snapper 1 area – about 3% of the total commercial catch – in the year ending February 2015. The area stretches from the top of the North Island to the Bay of Plenty and is one of New Zealand’s most important fisheries. More>>

ALSO:

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news