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

 

Consents And Taxes: Trustpower 'very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news