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

 

Wool Market Steadies

Wool Market Steadies

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combination of an easier New Zealand dollar and slightly improved business activity caused prices to generally increase across the board.

The combined North and South Island offering comprising 13,900 bales saw a 79 percent clearance, which is the highest clearance rate this season. The weighted indicator for the main trading currencies was down 0.85 percent.

Mr Dawson advises that Mid Micron Fleece 25 to 30.5 micron were 1.5 to 2.5 percent stronger. Fine Crossbred Fleece 33 to 35 micron were 3 to 4 percent stronger. Longer Fine Crossbred Shears increased 4 to 6 percent with the shorter types 2 to 4 percent dearer.

Coarse Crossbred Fleece and Shears were firm to 3 percent dearer.

A small selection of first lambs were nominally 1 to 2 percent firmer.

Coarse Long Oddments remained firm, however the shorter types were strongly contested with 2 to 4 inch wools increasing 6 to 10 percent and 2 to 3 inch up 2 to 4 percent.

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

The rostered sale on 23rd August has been cancelled due to poor weather stopping shearing. The next sale is on 30th August comprising approximately 8,400 bales from the South Island.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



SEA: Another First For Solar Energy In New Zealand

The Sustainable Energy Association NZ (SEANZ) congratulates Sunergise on the commissioning of the Sunergise Kapuni Solar Power Plant, the largest in the country... More>>

Accenture: More Boomers Than Zoomers Want To Work From Home

While often associated with tech savvy Gen Z or Zoomers, new global research from Accenture shows that the push for more flexible working environments is being led by Gen Xers and Baby Boomers... More>>


Maritime Union: Deepening Supply Chain Crisis Requires Action

Maritime Union of New Zealand National Secretary Craig Harrison says the global COVID-19 pandemic exposed pre-existing weaknesses in our logistics sector, and created enormous problems... More>>


Banking: Westpac New Zealand To Remain Part Of Westpac Group

Westpac New Zealand Limited (WNZL) remains part of Westpac Group following a decision for the two businesses not to demerge. Westpac Group Chief Executive Officer, Peter King, said: “After a detailed review, we believe a demerger of the WNZL business would not be in the best interests of shareholders... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>

ALSO:


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>