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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news