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.


© 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