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

 


Market Consolidates

Market Consolidates

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that at today’s South Island Wool sale prices consolidated on the back of continuing short falls of volumes coming forward onto the market.

The South Island auction this week comprised 7,700 bales of which 83 percent sold. The offering consisted of Coarse Crossbred Fleece and Second Shear body wools along with a small Merino and Mid Micron wools which made up most of the passed in component.

Compared to the South Island sale on the 21st August Mid Micron Fleece 24 and 24.5 micron were 4 percent cheaper, 25 to 26.5 micron were 1 percent dearer, 27 to 28 micron, firm and 28.5 to 30.5 micron declined 2 to 3 percent.

Fine Crossbred Fleece and Early Shorn and Second Shear 33 to 35 micron were 1 to 2.5 percent dearer.

Coarse Crossbred Fleece 36 and 37 micron were 2 percent dearer and 38 micron was 1 percent dearer.

Combing and Carding Oddments remained Firm.

Next sale on 4th September comprises approximately 7,500 bales from the North Island.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Consents And Taxes: Trustpower 'very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news