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

 


Wool Continues to Rise

Wool Continues to Rise


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that an easing New Zealand dollar, steady client enquiry, limited seasonal volumes and local shipping requirements have created lifts for all types, with relatively extreme pressure in some areas.

Of the 8,900 bales on offer this week, 87 percent sold with the balance still not meeting growers price expectations.

The weighted indicator for the main trading currencies eased 1.19 percent compared to the last sale on 15th May, assisting the local market strength.

Mr Dawson advises that Fine Crossbred Full Fleece and Shears were between 2.5 and 5 percent dearer.

Good Colour Coarse Crossbred Fleece were 2 to 3 percent stronger, with average style firm and poorer styles between 1 and 3 percent dearer.

Longer Coarse Shears were 1 to 2 percent firmer with shorter types 2 to 3 percent stronger.

Long First Lambs were strongly contested lifting 6 to 10 percent with shorter types ranging from firm to 4.5 percent dearer.

Long Oddments were also in strong demand increasing 6 to 9 percent dearer.

Good style Short Oddments were firm to 2 percent dearer with poorer styles 5 to 10 percent stronger.

Good competition with China, India, Australasia and the Middle East principals, supported by Western Europe and the United Kingdom.

Next sale on 29th May comprises approximately 10,400 bales from the North Island.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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