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

 


High Dollar Affects Wool Prices

High Dollar Affects Wool Prices

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island last sale of the 2013/14 season offering 23,600 bales, saw the market ease 2 to 4 percent with the strong New Zealand dollar accounting for a significant amount of the shift.

The weighted indicator for the main trading currencies was up 1.5 percent compared to the last sale on 12th June.

Some growers withheld their wool from selling due to the lower market with 78.2 percent sold.

Mr Dawson advises that;

Fine Crossbred Fleece and Shears were 1 to 4 percent cheaper.

Coarse Crossbred Fleece and Shears were 1.5 to 4 percent easier.

First Lambs Fleece were firm to 3 percent dearer in the South and up to 3.5 percent cheaper in the North.

South Island combing oddments resisted the trend and strengthened 5 to 10 percent with short oddments 1 to 4 percent easier.

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

Next sale on 10th July comprises approximately 7,000 bales from the North Island.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Kiwifruit: Zespri 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