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

 

Court Ruling: Kiwifruit NZ Ordered To Consider Collaborative Marketing Proposals

The High Court has told kiwifruit marketer Zespri to reconsider collaborative marketing proposals from Splice Fruit and Seeka Kiwifruit to sell fruit offshore that its board had previously rejected. More>>

ALSO:

Electric Vehicles: No Road User Charges Feature In Govt Package

Drivers of electric vehicles won't have to pay road user charges and will be allowed to drive in bus lanes as part of a new government plan to double EV numbers annually to a target 64,000 by 2021. More>>

ALSO:

Pre-Budget: Computer Emergency Response Team, Assemble!

John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

ALSO:

Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO

“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news