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

 

Trade Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Cyclone Cook: Round Up Of This Week’s Weather

One of the significant impacts this week was flooding due to excessive rainfall amounts. Rainfall amounts topped out at 350mm over the past 60 hours in parts of northwest Nelson, with 200mm+ measurements recorded about Coromandel Peninsula, and between 150-200mm in the Kaimai Ranges. Rainfall amounts of between 30-50mm were commonplace elsewhere. More>>

ALSO:

Earlier: Batten Down The Hatches For Cyclone Cook

Although fast-moving, Cyclone Cook will be destructive and MetService Expert Meteorologists have issued Severe Wind Warnings for the whole of the North Island apart from Northland... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news