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

 

Fund For PPP Plans: Govt Embraces Targeted Rates To Spur Urban Infrastructure

The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. More>>

ALSO:

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO: