Scoop has an Ethical Paywall
Dollar Drop Pushes Wool Firmer
Dollar Drop Pushes Wool Firmer
New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 7,000 bales of South Island wool on offer this week was firm to dearer aided by a slightly weaker New Zealand dollar compared to the last sale on 8th March.
The weighted indicator for the main trading currencies was down 0.47 percent and 90.1 percent of the offering sold.
Mr Dawson advises Fine Crossbred Fleece and Shears were firm to 1 percent dearer. Coarse Crossbred Full Fleece were firm to 1 percent stronger. Coarse Second Shears were firm to 2 percent dearer. Lambs Fleece 29.5 micron and finer were firm to 2 percent up with the coarser types 1 to 3 percent dearer. Oddments ranged from firm to 3 percent stronger.
Well spread competition with China continuing to dominate, supported by Australasia, Western Europe, India and the Middle East.
Next sale on 22nd March comprises approximately 15,600 bales from the North Island and 7,100 bales from the South Island.
ENDS
University of Auckland: Kids’ Screen Use Linked To Long-Term Deficits In Self-Control And Attention
University of Auckland: Research To Address Equity In STEM For Māori, Pacific And Female Students
Stats NZ: Economic Impacts On New Zealand From Conflict In The Middle East – Report
Advertising Standards Authority: ASA Annual Report 2025 - Platform-Neutral Regulation Keeps Pace With Digital Advertising
Science Media Centre: Lead Pipes Banned For New Plumbing – Expert Reaction
New Zealand Young Physicists Trust: Auckland To Host The ‘World Cup Of Physics’ In 2027; Search Begins For Student-Designed Tournament Logo
