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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news