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


Wool Lifts

Wool Lifts

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the limited offering of 6,000 bales of South Island wool on offer saw a 90 percent clearance with most types increasing 2 to 4 percent.

Compared to the last sale on 24th April the weighted indicator for the main trading currencies hardly changed, firming 0.16 percent, having minimal impact on local prices.

Mr Dawson reports that ongoing supply issues due to severe weather events has disrupted wool flows with limited volumes now available over the coming weeks as winter approaches, pressuring exporters to find sufficient volumes to meet contracted shipping schedules.

Fine Crossbred Full Fleece were 2 to 4 percent dearer. Longer Fine Crossbred Shears were 3 to 4 percent stronger with shorter types ranging from 1 to 4 percent firmer.

Crossbred Full Fleece, good and poor styles lifted 3 to 4 percent with average styles improving 2 percent.

Coarse Shears were 2 to 4 percent dearer. First Lambs ranged from firm to 4 percent stronger.

Long Oddments were strongly contested, lifting 6 to 8 percent. Good Colour short oddments were 4 to 6 percent with poor styles increasing 5 to 10 percent.

Main interest came from China, Australasia and India, supported by Middle East, Western Europe and United Kingdom.

Next sale on 15th May comprises approximately 8,600 bales from the North Island.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Science Awards: NZAS Celebrate NZ Scientific Achievements

The Marsden Medal is awarded for a lifetime of outstanding service to the cause or profession of science, in recognition of service rendered to the cause or profession of science in the widest connotation of the phrase. This year’s medal is awarded to Dr Mike Andrews. More>>


Court Rules: Affco 'Unlawfully' Locked Out Meat Workers

The note says the full court found for the plaintiffs, "that is that the defendant locked out the second plaintiffs unlawfully and that it breached s 32 of the Act by acting otherwise than in good faith towards the plaintiffs while collective bargaining was still going on." More>>


New Bill Introduced: GST On Online Services

These measures are an important first step in the Government’s efforts to deal with increasing volumes of online services and other intangibles purchased from overseas suppliers that should, under New Zealand’s tax rules, be subject to GST. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news