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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news