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

 

OceanaGold: Man Killed In Waihi Mine Accident

A 29-year-old man had died following a work place accident at OceanaGold mine, Waihi last night. The man was killed after the front end loader he was in rolled down a slope. The accident happened at approximately 6.30pm on Thursday night. More>>

ALSO:

Constructing Consent: Annual Housing Consents Highest In Over A Decade

More than 29,000 new homes gained building consent in the year to June 2016, up 16 percent from the previous June year, Statistics New Zealand said today. More>>

ALSO:

War Against Weevil For Future Peas: “No Peas, No Weevil” Ban Now In Place In Wairarapa

The Ministry for Primary Industries (MPI) has today placed a ban on growing peas within a specified area and placed controls on moving pea material (seed and untreated pea straw) within, in and out of this area for the next 2 years. More>>

ALSO:

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news