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

 

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Transport: Boards Of Inquiry For Auckland Roading Projects

Boards of Inquiry have been appointed to decide on two significant Auckland roading projects in a move which will get a decision by the end of the year, Environment Minister Dr Nick Smith and Conservation Minister Maggie Barry announced today. More>>

ALSO:

Three Months On: Quake Reciovery In Kaikōura And Elsewhere

Three months after the magnitude 7.8 earthquake on 14 November, encouraging recovery progress is being made in affected communities. More>>

ALSO:

Jetstar, Qantas For Govt Transport: Government Still In Talks With Air NZ

The government is still negotiating with national carrier Air New Zealand in a cross-agency air travel contract that will add a number of new airlines to the list of approved flyers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news