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

 


Mixed Fortunes At Wool Auction

Mixed Fortunes At Wool Auction

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the South Island auction offering 10,122 bales this week received varied support despite a weaker New Zealand dollar compared to the last sale on 10th July.

The weighted currency indicator was down 1.11 percent with 81 percent of the offering being sold.

Steady demand from China underpinned the Fine Crossbred sector, however most carpet wool types eased as contracts in this area have been harder to conclude recently.

Mr Dawson advises that the fine end of the Mid Micron fleece were strongly supported lifting 5 to 7 percent with the 27 to 30.5 microns weakening 1.5 to 4 percent.

Fine Crossbred Fleece and Shears were in good demand, lifting 1 to 2 percent.

Coarse Crossbred Fleece, good and average styles were firm to 2 percent cheaper with poor styles firm.

Longer coarse shears were 1 to 2 percent easier with shorter types firm to 3 percent dearer.

First Lambs were generally unchanged. Long Oddments were firm with short oddments firm to 2 percent dearer.

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

Next sale on 24th July comprises approximately 8,130 bales from the North Island.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news