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

 


Demand Pushes Wool Up

Demand Pushes Wool Up

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that increased demand with seasonal limited availability and clients operating on a hand to mouth basis, combined to lift the market with finer wool types sought after the most.

Of the 12,635 bales on offer, 92 percent sold. The weighted indicator for the main trading currencies was unchanged compared to the last sale on 16th April.

Mr Dawson advises that demand for prompt shipments and the cancellation of the rostered sale next week in the North Island also impacted on the market pressure.

Fine Crossbred Full Fleece were up to 2 percent dearer. Longer Fine Crossbred Shears were 3 to 7 percent stronger with shorter types firm to 3 percent stronger.

Coarse Crossbred Full Fleece, good and average style were 1 to 2 percent dearer with poor styles lifting 5 percent.

Long Coarse Shears were 3 to 5 percent dearer with shorter types 1 to 3 percent firmer.

Long First Lambs Fleece were 5 to 7 percent stronger with shorter types firm to 4 percent dearer.

Long Oddments lifted 5 to 7 percent with short oddments 2 to 4 percent firmer.

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

May comprises approximately 10,300 bales from the South Island.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news