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

 

China Shopping: NZ-China FTA Upgrade Agreed Among Slew Of New Deals

New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries. More>>

ALSO:


Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news