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

 

Court Ruling: Kiwifruit NZ Ordered To Consider Collaborative Marketing Proposals

The High Court has told kiwifruit marketer Zespri to reconsider collaborative marketing proposals from Splice Fruit and Seeka Kiwifruit to sell fruit offshore that its board had previously rejected. More>>

ALSO:

Electric Vehicles: No Road User Charges Feature In Govt Package

Drivers of electric vehicles won't have to pay road user charges and will be allowed to drive in bus lanes as part of a new government plan to double EV numbers annually to a target 64,000 by 2021. More>>

ALSO:

Pre-Budget: Computer Emergency Response Team, Assemble!

John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

ALSO:

Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO

“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news