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

 


Wool Eases

Wool Eases

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the South Island auction this week comprised 10,153 bales of which 75 percent sold with the bulk of the offering being mainly Coarse Crossbred Fleece and Second Shear body wools. Despite the declining NZD/USD dollar rate, prices were generally down overall.

Exporters appear to have covered their short term position for the moment.

Mr Steel advises that compared to the South Island sale on the 7th Fleece 24.5 to 25.5 micron were 2 percent cheaper, 26 to 27.5 microns gained 1 percent. 28 to 29.5 micron were 1 percent cheaper.

Compared to the North Island sale on 14th good and average colour remained firm. 34 to 36 micron good colour were generally 2.5 percent cheaper.

Fine Crossbred Early Shorn and Second Shear 33 to 35 micron 3 to 5 inch and 2 to 4 inch were back 1 percent.

Coarse Crossbred Fleece 36 micron and coarser 4 to 6 inch good colour was 1 percent cheaper, while average and poor colour were 2 percent cheaper.

Crossbred Oddments, combing and carding remained firm.

Competition continued to be dominated by Chinese activity.

Next sale on 28th August comprises approximately 7,400 bales from the South Island.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news