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

 

Competition for Wool Remains Solid

Competition for Wool Remains Solid


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the North Island auction this week comprised 8,315 bales of which there was a clearance of 95 percent.

The market was solid over the bulk of the offering which comprised mainly of Crossbred Early Shorn and Second Shear types.

Exporters are still under some pressure to cover committed shipments in the short term this enabled the market to remain firm. The weighted currency indicator virtually had little change at 0.7553 only down 0.05 percent compared to last sale on 7th August.

Mr Dawson advises that good colour Fine Crossbred Fleece was strong with no change on a limited offering.


Fine Crossbred Early Shorn and Second Shear 33 to 36 micron, 3 to 5 inch and 3 to 4 inch eased to 1.5 percent to 2.5 percent.

A limited offering of Coarse Crossbred Fleece remained firm.

Coarse Crossbred Early Shorn and Second Shear 36 micron and coarser 3 to 5 inch and shorter were firm except 2 to 3 inch which were 1 to 2 percent dearer.

Crossbred oddments compared to last North Island sale on the 24th July 2014 were generally unchanged.

Next sale on 21st August comprises approximately 10,200 bales from the South Island only.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: