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

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news