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

 

Strong North Island Wool Sale

Strong North Island Wool Sale

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that a stronger New Zealand dollar had little effect in dampening prices as exporters bought to cover close in contractual obligations. Recent poor weather and reduced wool supplies contributed to the strong demand.

The 9,800 bales comprised mainly woollen types 3/4 inch and shorter and saw a clearance level of 96 percent.

The weighted indicator for the main currencies compared to the last sale on the 5th June was up 2.23 percent.

Compared with the similar offering in Napier on the 29th May, second shear all styles 3/4 inch and shorter and related oddments were up to 3 percent dearer. These categories made up 80 percent of the offering.

Longer wools all styles compared with last week’s South Island sale were generally unchanged.

China supported by India, Western Europe and Australasian carpet mills were the principal buyers.

Next week’s South Island sale has been cancelled. The next sales, the final sales for the 2013/14 season will be held in both the North and South Island on the 26th June, rostered for 10,500 and 14,000 bales respectively.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

NZ's Space Programme: Rocket Lab Makes It To Space (But Not Orbit)

Electron lifted-off at 16:20 NZST from Rocket Lab Launch Complex 1 on the Mahia Peninsula in New Zealand. It was the first orbital-class rocket launched from from a private launch site in the world. More>>

ALSO:

Earlier:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: