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

 


NZWSI Weekly Wool Market Report

NZWSI Weekly Wool Market Report

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that this week’s offering of 7,800 bales from the North Island saw an 88 percent clearance with varied fortunes for different categories of wool types.

The weighted indicator for the main trading currencies compared to the last sale in the South Island on 10th April came down 0.83 percent, aiding prices locally in some instances.

Mr Dawson advises that tight shipment demands for specific types has been the main market driver with the harder to place wools not so well supported.

A limited offering of Fine Crossbred Fleece and shears ranged from firm to 4 percent dearer.

A small offering of better style Coarse Crossbred Fleece were firm to 2 percent stronger with a higher volume of poorer style fleece up to 1 percent easier. Longer Coarse Shears were 1 percent firmer with shorter shears which made up the bulk of the offering, firm to 2 percent cheaper.

Long First Lambs remained firm with shorter types 1 to 2 percent easier.

Oddments were generally unchanged.

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

Next sale on 24th rostered for 1st result of poor weather restricting shearing.

April comprises approximately 12,550 bales from the South Island. rostered for 1st May in the North Island has been cancelled due to insufficient wool available as a result of poor weather restricting shearing.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news