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

 

Scoop Business: NZ Wool Exports Jump To The Highest In More Than A Decade

New Zealand wool exports jumped to their highest level in more than a decade in June, aided by a lower currency and strong demand from China, the nation’s largest market. More>>

ALSO:

Surreal Estate: Home Values Rise At Fastest Rate In Seven Years

The latest monthly QV House Price Index shows that nationwide residential property values for July have increased 10.1% over the past year which is the fastest annual rate since 2007... The Auckland market has increased 18.8% year on year. More>>

ALSO:

New Employment Laws: Talley’s AFFCO Workers To Strike

The decision comes after the Talley’s owned company walked away from mediation last week and applied to end bargaining under the government’s new employment laws - the first such application since the law came into effect. More>>

ALSO:

Private Action: Employer Pleads Guilty Over Forestry Death

The CTU has always known that the death of forestry worker Charles Finlay was due to the poor health and safety practices of his employer... "The CTU, with the support of Charles’s family, needed to take this ground breaking private prosecution." More>>

ICT Innovation: Six NZ Finalists In World Summit Awards

The awards are a global showcase of 40 projects, across eight categories, with a special emphasis on those which show the benefits of information and communication technology for the development of communities. New Zealand has finalists in six of the eight categories. More>>

ALSO:

Final Frontier: Rocket Lab And NASA Sign Commercial Space Launch Agreement

Rocket Lab has signed a Commercial Space Launch Act Agreement with the National Aeronautics and Space Administration (NASA). The agreement enables Rocket Lab to use NASA resources - including personnel, facilities and equipment - for launch and reentry efforts. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news