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

 

North And South Island Wool Auctions Receive Varied Support

North And South Island Wool Auctions Receive Varied Support

New Zealand Wool Services International ltd’s CEO Mr John Dawson reports that the wool auctions in the North and South Islands this week produced considerable price variations for comparative types with the North Island levels well below the South’s.

Of the 19500 bales on offer, 7804 percent sold with the weighted currency indicator, compared to the last sale on 21st December was 1.62 percent higher, adding more downward pressure on local prices.

Mr Dawson advises that the South Island sale compared to when last sold on 15 December saw;

Fine crossbred fleece and shears firm to 3.5 percent cheaper, coarse fleece firm to 1.5 percent cheaper and second shears generally firm. Lambs fleece were 3 to 5 percent firmer with coarse oddments firm to 4 percent dearer.

The North Island selection compared to when last sold on 21 December saw;

Fine crossbred fleece and shears firm to 4 percent cheaper, coarse full fleece 3 to 6 percent cheaper with shears firm to 5 percent cheaper. First lambs fleece were firm to 5 percent cheaper with coarse long oddments up to 7 percent stronger and short oddments 7 percent cheaper.

Restricted activity with China, Australia and Western Europe principals, supported by India, Middle East and United Kingdom.

Next sale on 19 January comprises approximately 9200 bales from the North Island.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO: