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

 

Wool Jumps

Wool Jumps

New Zealand Wool Services International Limited’s Marketing Executive, Mr Malcolm Ching reports that a weakening New Zealand dollar and steady off-shore buying interest saw all wool types improve for the South Island offering of 9,300 bales with 87 percent selling.

The weighted indicator for the main trading currency came down 1.29 percent compared to the last sale on 3rd September.

Mr Ching advises that compared to the last time sold on 27th August, Merino Fleece 21.5 micron and finer were 5 to 10 percent dearer with 22 to 23.5 microns 1 to 2 percent firmer.

Mid Micron Fleece 24 to 29 micron were firm to 3.5 percent dearer with 29.5 to 31.5 3 to 7 percent stronger.

Compared to 3rd September sale, Fine Crossbred Full Fleece and longer shears were 4 to 6.5 percent dearer with shorter shears 1 to 3 percent firmer.

Coarse Crossbred Full Fleece were 5 to 7 percent stronger, longer shears 3 to 6 percent dearer and shorter shears ranged from 1.5 to 6 percent stronger.

Oddments were firm to 4 percent firmer.

Strong competition with China principal, supported by Western Europe, Australasia, Middle East and India.

Next sale on 17th September comprises approximately 6,000 bales from the North Island.

ENDS


© 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: