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

 

Mixed Wool Market

Mixed Wool Market

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the predominantly short wooled second shear offering from the North Island saw the shears, Lambs wool and oddments ease with longer and finer fleece wools firm to dearer. Of the 11,000 bales on offer 95 percent sold.

The weighted indicator for the main trading currencies eased 0.78 percent, having a mixed effect on the market.

Fine Crossbred Full Fleece and Shears were firm to 1 percent dearer.

Good style Coarse Fleece were firm to 1 percent dearer with average and poor styles lifting 3 to 4 percent. Longer Coarse Shears were firm to 2 percent stronger with shorter types 2 to 4 percent End of season Lambs Fleece which is now showing more colour, ranged from firm to 3 percent Oddments were generally 2 to 5 percent easier with poorer styles affected the most.

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

Next sale on 5th June comprises approximately 7,400 bales from the South Island, down 32 percent on rostered quantity due to continuing poor weather conditions disrupting harvesting.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

'Irregular Accounting': Voluntary Suspension Of Fuji Xerox Govt Contracting

This suspension gives the Ministry of Business, Innovation, and Employment time to understand the full implications of the report from FUJIFILM Holdings into irregular accounting practices at FXNZ. More>>

ALSO:

MPI: Cow Disease Detected In NZ For First Time

MPI is responding to the detection of the cattle disease Mycoplasma bovis in a dairy herd in South Canterbury... The disease is commonly found in cattle globally, including in Australia, but it’s the first detection of it in New Zealand. More>>

South Island Flooding: Focus Moves To Recovery

As water recedes throughout flood-impacted areas of the South Island, Minister of Civil Defence Nathan Guy has praised the efforts of those who were involved in the response to the flooding... More>>

ALSO:

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fund For PPP Plans: Govt Embraces Targeted Rates To Spur Urban Infrastructure

The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. More>>

ALSO: