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

 


Wool Softens

Wool Softens

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that at today’s North Island Wool Sale prices where comparable were generally unchanged when compared to the South Island on the 28th

When compared with the last North Island on the 14th August prices have strengthened overall.

On a limited offering of Fine Crossbred Fleece prices were generally unchanged.

Fine Crossbred Early Shorn and Second Shear 33 micron 3 to 5 inch and 3 to 4 inch remained firm whilst 34 to 36 micron 3 to 5 inch and 3 to 4 inch were generally 1 percent cheaper with 35 and 36 micron 2 to 4 inch 2 percent dearer.

Coarse Crossbred Fleece on a limited offering were 1 percent cheaper.

Coarse Crossbred Early Shorn and Second Shear 37 micron and coarser 3 to 5 inch were 1.5 percent cheaper, 3 to 4 inch were up to 1 percent dearer, 2 to 4 inch declined by 3 percent whilst 2 to 3 inch rose fully 2 percent.

Combing Oddments remained firm and Clothing Oddments 2 to 4 inch were 3.5 percent dearer and 2 to 3 inch were 3.5 percent cheaper.

The next sale on the 11th August.


September comprises approximately 12,500 bales from the South Island.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news