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

 


Wool Market Upchanged

Wool Market Upchanged

NZ Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports a slightly stronger New Zealand dollar overall and targeted buying saw the South Island offering of 9,745 bales generally firm to slightly easier.

The weighted currency indicator compared to last sale on 20th March was up 0.58 percent. Exporters concentrated on specific buying orders resulting in a 77 percent clearance with growers requiring higher prices for the balance.

Mr Steel advises that recent Chinese buying activity saw the Fine Crossbred Full Fleece and longer shears remain firm to 3 percent dearer with the short types up to 1 percent easier.

Average style coarse fleece were firm to 2 percent firmer with poor styles generally firm.

Coarse Crossbred Shears were firm to 3 percent cheaper with the shorter types easing the most, however local prices are still higher than last week’s North Island levels.

Longer First Lambs Fleece remained firm with 2 to 4 inch lines up to 1 percent dearer and shorter types firm to 1 percent easier.

Long Oddments were firm with good colour short oddments lifting up to 5 percent and poor style remaining firm.

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

Next sale on 3rd April comprises approximately 10,400 bales from the North Island.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news