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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news