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

 

Balance Of Trade: NZ Posts Trade Deficit In October On Falling Dairy Exports

New Zealand’s posted its largest monthly trade deficit for October in six years, while narrowing the shortfall from September, led by a fall in dairy exports to China while all main imports into the country rose. More>>

ALSO:

Gigatown Winner: Plenty Of Positives For Dunedin

Although the city has taken the Gigatown title, along with new ultrafast 1Gbps broadband and funding for $700,000 worth of UFB-related initiatives across the community, Mr Cull says Dunedin has gained so much more through its involvement. More>>

ALSO:

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news