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

 


Wool Types Targeted

Wool Types Targeted


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that targeted buying resulted in price lifts for some types while other less supported types continued to ease.

Of the 10,200 bales on offer from this week’s North Island auction, 89 percent sold

Currency movements played a minor role with the weighted indicator for the main trading currencies coming down 0.26 percent compared to the last sale on 20th March.

Mr Dawson advises that recent sales of the more readily available poorer style wools attracted strong interest and lifted in price with other types generally firm to slightly easier.

A small offering of Fine Crossbred Fleece and Shears were firm to 2 percent dearer.

Coarse Crossbred Full Fleece saw good style firm, average style 1 percent dearer and poor styles 3 to 4.5 percent stronger.

Good and Average style longer shears were firm, with shorter types firm to 3 percent easier. Poor style shears were 2 to 5 percent dearer.

Longer First Lambs Fleece were 2 percent dearer with shorter types 1 to 4 percent cheaper.

Long Oddments were up to 4 percent dearer with good style short oddments firm and poorer styles up to 1.5 percent cheaper.

Limited competition with China, Australasia, India and Western Europe most active, supported by Middle East and United Kingdom.

Next sale on 10th April comprises approximately 13,300 bales from the South Island.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news