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

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news