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

 


South Island Wool Market Lifts

South Island Wool Market Lifts

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that a slightly easier New Zealand dollar, limited wool supply and steady shipping demand combined to lift prices across the board at the South Island sale.

Recent poor weather has restricted shearing, creating a seasonal shortfall with the next South Island sale on 19th June now cancelled.

Of the 6,640 bales on offer 91 percent sold with some growers holding out for higher price levels.

The weighted indicator for the main trading currencies compared to the last sale on 29th down 0.7 percent.

Mr Dawson advises that:

Fine Crossbred Fleece and Shears were 3 to 5 percent dearer. Coarse Crossbred Fleece and shears were generally 3 to 4.5 percent dearer with shorter shears up to 6 percent stronger.

Lambs Fleece were 2 to 4 percent dearer. Good style short oddments were up 3 to 5 percent with poor styles 6 to 9 percent stronger.

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

Next sale on 12th June comprises approximately 9,300 bales from the North Island, down 20 percent on anticipated rostered volumes.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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