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


Market steady at wool sale

Market steady at wool sale

New Zealand Wool Services International Ltd reports that prices generally remaining steady at today’s wool sale.

Of the 7300 bales on offer at the auction of South Island wool, 80 per cent sold.

According to New Zealand Wool Services International general manager John Dawson, a slightly easier New Zealand dollar had little impact on the market.

“Compared to last week’s sale on 18 August, the dollar was down 0.8 per cent against the weighted indicator for the main wool trading currencies.

“At the fine end of the range of mid micron types, fleece rose from last week’s prices by six to eight per cent, with the balance ranging from buyer’s favour to two per cent stronger.

“Fine crossbred fleece and shears were firm to 1.5 per cent easier. Coarse crossbred fleece was generally firm with long shears slightly dearer. Short shears were buyer’s favour.

“Long first lambs’ fleece remained fully firm, with the shorter types up to two per cent dearer. Long oddments tended buyer’s favour, while short oddments rose by between 2.5 to 3.5 per cent,” he said.

Representatives of interests from Australasia, China, India and Western Europe generated the greatest purchasing activity at the sale today, with support from the United Kingdom and the Middle East.

Next week’s sale, scheduled to offer 6,200 bales of South Island wool, is on 1 September.

New Zealand Wool Services International publishes a detailed weekly report on New Zealand wool auction trends. A summary of this can be viewed at The full report is available by negotiation with the company.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>

Greenpeace: Calls Foul On INEOS Rugby Sponsorship Deal

Greenpeace is calling foul on NZ Rugby’s decision to sign a sponsorship deal with the oil and plastic polluting petrochemical giant INEOS. "In the thick of the climate crisis, it’s gutting to see NZ Rugby sign a sponsorship deal with an oil and gas polluting conglomerate... More>>

Stats NZ: Quarterly Inflation Rising Steadily Across The Board

Higher prices for transport and food have driven up inflation for the all households group in the June 2021 quarter, Stats NZ said today. The ‘all households group’ represents all private New Zealand-resident households... More>>

Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>