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

 

Revenue Renewal: Tax Modernisation Programme Launched

Revenue Minister Todd McClay today released the first two in a series of public consultations designed to modernise and simplify the tax system. More>>

ALSO:

Scoop Business:
NZ Puts Seven New Oil And Gas Areas Put Up For Tender

A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More>>

ALSO:

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news