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

 

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Tech Sector Report: Joyce Warns Asian Tech Investors View NZ As Hobbits And Food

Speaking in Wellington at the launch of a report showcasing the value of the technology sector to the New Zealand economy, Joyce said more had to be done to tell the country's technology stories overseas. More>>

ALSO:

Mediaglommeration: APN Gets OIO Approval For Demerger Plan

APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. More>>

New Paper: Ninety-Day Trial Period Has No Impact On Firms' Hiring

The introduction of a 90-day trial period has had no impact on hiring by New Zealand companies although they are now in widespread use, according to researchers at Motu Economic and Public Policy Research. More>>

ALSO:

Corrections: Serco Exits Equity Stake, Remains As Operator

Serco has sold its equity stake in the company that holds the contract to design, build and run Wiri Prison in South Auckland but continues as sub-contractor to operate the facility. More>>

GDP: NZ Economy Grows Faster-Than-Forecast 0.7%

New Zealand's economy grew at a faster pace than expected in the first quarter of 2016 as construction expanded at the quickest rate in two years. The kiwi dollar jumped after the data was released. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news