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

 

Insurance: EQC To Double Payout, Scrap Contents Insurance

New Zealand’s Earthquake Commission may double its payout amount, scrap contents insurance and process claims through private insurers under the government’s long-running review of funding and management of the state-run earthquake insurer. More>>

ALSO:

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news