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

 

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>