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

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news