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

 

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:

'Work Experience': Welfare Group Opposes The Warehouse Workfare

“This programme is about exploiting unemployed youth, not teaching them skills. The government are subsidising the Warehouse in the name of reducing benefit dependency,” says Vanessa Cole, spokesperson for Auckland Action Against Poverty. More>>

ALSO:

Internet Taxes: Labour To Target $600M In Unpaid Taxes From Multinationals

The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader Andrew Little. More>>

ALSO: