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

 

Planes: Jetstar Launches Regional Network

Jetstar, the Qantas Airways budget offshoot, launched its new regional network in New Zealand with special $9 one-way fares and has narrowed down its choices to five routes and four destinations - Nelson, Napier, New Plymouth, and Palmerston North. More>>

ALSO:

Fisheries: Report On Underrsize Snapper Catch

The report found that commercial fishers caught 144 tonnes of undersized snapper in the Snapper 1 area – about 3% of the total commercial catch – in the year ending February 2015. The area stretches from the top of the North Island to the Bay of Plenty and is one of New Zealand’s most important fisheries. More>>

ALSO:

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news