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

 

Wool Market Makes Gains

Wool Market Makes Gains

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that at today’s South Island sale there were market gains of up to 2 percent on the back of recent business concluded mainly with Chinese interests.

A limited Merino offering saw best top making types slightly in buyers favour and poorer styles mixed and irregular.

Mid Micron wools when compared to the last South Island sale on the 28th August generally made small gains. 24.5 and 25 micron were firm, 25.5 to 26.5 and 29 to 30.5 micron were 1 to 2 percent dearer while 27 to 28.5 micron were buyers favour.

Fine Crossbred Fleece quotations also being compared to the last South Island sale were firm to 1 percent dearer.

Coarse Crossbred Fleece when compared to the last South Island sale and of similar wool type remained firm while comparing to the last North Island 37 micron and coarser 4/6 inch and longer were 1.5 to 2 percent dearer

Compared to the last North Island sale held on the 4th September Crossbred Early Shorn and Second Shear 31 micron and coarser 3/5 inch and 3/4 inch fully 1.5 to 2 percent dearer. 35 micron 2/4 inch were 3 percent dearer while 36 micron 2/4 inch were firm.

Crossbred Combing and Clothing Oddments remained firm.

Competition was dominated by Chinese buying interests.

Next sale on the 18th September comprises approximately 7,600 bales from the North Island.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: