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

 


Wool Holds Its Ground

Wool Holds Its Ground


New Zealand Wool Services International Ltd’s General Manager, Mr John Dawson reports that despite local and overseas expectations of a much weaker market this week’s North Island wool auction generally remained firm to only slightly easier.

The resurgent New Zealand dollar accounted for most of the local market slight weakness in some sectors, however in overseas terms most prices are unchanged or slightly dearer.

Of the 9,879 bales on offer 87 percent sold.

The weighted currency indicator lifted by 0.59 percent compared to the last sale on 26th Mr Dawson advised fine crossbred fleece and shears were firm to 1 percent easier. Coarse crossbred good colour fleece was up to 1 percent dearer. Coarse shears were firm to 1.5% easier. End of season lambs fleece were nominally firm to 1 percent softer. Short oddments ranged from firm to 4 percent easier.

Well spread interest with China, India, Australasia, Western Europe principals, supported by Middle East and the United Kingdom.

July comprises approximately 10,060 bales from the South Island.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Revenue Renewal: Tax Modernisation Programme Launched

Revenue Minister Todd McClay today released the first two in a series of public consultations designed to modernise and simplify the tax system. More>>

ALSO:

Scoop Business:
NZ Puts Seven New Oil And Gas Areas Put Up For Tender

A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More>>

ALSO:

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news