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

 

Auckland Port Study: Port To Ship Out – No Departure Date

Interest groups in Auckland and its waterfront chose a group of representatives to determine the future of the port. Their consensus is that the Port is going to have to move but not before a credible location is confirmed... More>>

ALSO:

Tax: GST Threshold For Online Purchases Won't Lower Before 2018

The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

ALSO:

North Canterbury: Government Extends Drought Classification

The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

ALSO:

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Other Centres' Convention Centres:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news