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

 

Wool Strengthens

Wool Strengthens

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the North Island sale saw prices lift on the back of a weaker New Zealand dollar and steady off-shore interest.

Of the 10,000 bales on offer 97 percent sold. The weighted indicator for the main trading currencies compared to the last sale on 15th January was down 1.63 percent.

Mr Steel advises Fine Crossbred Fleece and shears were 1 to 4 percent dearer.

Coarse Crossbred Fleece were 1 to 3 percent stronger with shears generally firm to 2 percent dearer.

First Lambs finer than 27.5 micron came under strong competition, lifting 7 percent with the balance 1.5 to 2.5 percent stronger.

Long Oddments were 4 to 6 percent dearer with short good colour oddments firm and poorer styles up 4 percent.

Well spread interest with China, India and Australasia dominating, supported by Western Europe, Middle East and the United Kingdom.

Next sale on 29th January comprises approximately 9,000 bales from the North Island and 12,800 bales from the South.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

$7.5 Billion Surplus: Government Accounts "Show Strong Economy"

“The surplus and low levels of debt show the economy is in good shape. This allows the Government to spend more on infrastructure and make record investments in health and education,” Grant Robertson says. More>>

ALSO:

New OIO Application Trumps Judicial Review: OceanaGold Cleared To Buy Land For Waihi Tailings Expansion

In a surprise turnaround, the government has given OceanaGold a greenlight to buy land to expand its Waihi mine after the application was previously turned down by Land Information Minister Eugenie Sage. More>>

ALSO:

Christchurch Rebuild: Fletcher Sued For $7.5m Over Justice Precinct

Fletcher Building is being sued for $7.5 million by utilities contractor Electrix, one of the subcontractors on the Christchurch Justice and Emergency Services Precinct. More>>

Three New Drugs: PHARMAC Signs Bundle Deal For More Cancer Medicines

420 New Zealanders with lung cancer, breast cancer, multiple sclerosis and respiratory disease will benefit each year from a bundle deal PHARMAC has finalised with a medicine supplier. More>>

ALSO:

"Levels Playing Field": Government Responds To Electricity Price Review

The changes announced today include: • Supporting new and independent retailers by requiring the big power companies to sell into the wholesale market at affordable rates. • Extending discount rates to all customers • A pilot scheme to help customers who have not switched power providers before to shop around for better deals... More>>

ALSO: