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

 

Auckland Port Study: Port To Ship Out – No Departure Date

Interest groups in Auckland and its waterfront chose a group of representatives to determine the future of the port. Their consensus is that the Port is going to have to move but not before a credible location is confirmed... More>>

ALSO:

Tax: GST Threshold For Online Purchases Won't Lower Before 2018

The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

ALSO:

North Canterbury: Government Extends Drought Classification

The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

ALSO:

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Other Centres' Convention Centres:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news