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

 

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news