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

 


South Island Wool Market Remains Steady

South Island Wool Market Remains Steady


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 7,300 bales on offer this week saw a firm to dearer market with an 86 percent clearance rate.

The weighted indicator for the main trading currencies lifted slightly by 0.58 percent compared to the last sale on 20th February.

Mr Dawson advises that a steady flow of client buying interest recently and limited volumes of desirable wool types has combined to steady the market after the recent downward pressure.

Fine Crossbred Full Fleece remained firm. Longer shears ranged from firm to 3.5 percent dearer with shorter types also firm.

Good Colour Coarse Crossbred Full Fleece held steady with poorer styles recovering ground, lifting by 2 to 3.5 percent.

Longer Coarse Crossbred Shears were firm to 3.5 percent stronger. Shorter types were buyers favour to firm.

First Lambs Fleece were firm to 1 percent dearer.

Coarse long oddments were 3 to 4 percent stronger with short types 1 to 5 percent dearer.

Well spread interest with Australasia, Western Europe, India, United Kingdom principal, supported by Middle East and China.

Next sale on 6th March comprises approximately 11,700 bales from the North Island and 6,900 bales from the South Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Building Battle: Bill English Blames Council On Housing

The Nation: Finance Minister blames Auckland Council for housing shortage, saying it is responsible for land, housing and infrastructure supply in the city, while government provides rental subsidies... More>>

ALSO:

Megiaglommeration: NZME And Fairfax Apply For Authorisation To Merge

The Commerce Commission has received an application from Wilson and Horton Limited (trading as NZME) and Fairfax NZ Limited seeking authorisation to merge their media operations in New Zealand. More>>

ALSO:

Brewing: Lion To Buy Cult Upper Hutt Brewer Panhead

Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedin-based Emerson's Brewing Co in 2012. More>>

ALSO:

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news