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

 

Dollar Pushes up Local Wool Prices

Dollar Pushes up Local Wool Prices


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the local market lifted significantly for the 10,400 bales on offer at the South Island sale this week. The weakening NZ dollar, particularly against the US dollar which was down 4.97 percent compared to the last sale on 9th May and the weighted currency indicator down 3.91 percent was the principal market influence. This was supported by recent strong purchasing interest and a seasonal limited wool supply.

Mr Dawson advises that a nominal offering of Mid Micron Fleece were firm to 3 percent dearer.

Fine Crossbred Fleece lifted up to 3.5 percent with the Second Shears 5 to 8 percent stronger.

Good Colour Coarse Crossbred Fleece lifted 6 percent with poorer styles 2.5 to 5.5 percent dearer.

Coarse Longer Second Shears were 4 to 6.5 percent firmer with shorter types 5 to 9 percent stronger.

First Lambs Fleece ranged from 3 to 7 percent dearer.

All Coarse Oddments were 9 to 10 percent stronger.

Strong competition from Western Europe, Australasia and the United Kingdom, supported by China, India and the Middle East.

Next sale on the 30th May comprises 11,300 bales from the North Island.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Unemployment Declines As Underutilisation Rises

The seasonally adjusted unemployment rate decreased to 4.7 percent in the March 2021 quarter, continuing to fall from its recent peak of 5.2 percent in the September 2020 quarter but remaining high compared with recent years, Stats NZ said today. ... More>>

ALSO:

Digitl: The Story Behind Vodafone’s FibreX Court Ruling

Vodafone’s FibreX service was in the news this week. What is the story behind the Fair Trading Act court case? More>>

Commerce Commission: Vodafone Found Guilty Of Misleading Conduct Over 'FibreX' Service

Vodafone NZ Limited has been found guilty of engaging in conduct that was liable to mislead consumers in relation to its FibreX branded broadband service. In a case brought by the Commerce Commission and heard last year, the Auckland District Court ... More>>


Westpac: Announces Strong Financial Result

Westpac New Zealand (Westpac NZ) [i] says a strong half-year financial result has been driven by better than expected economic conditions. Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on ... More>>

MYOB: SME Confidence In Economic Performance Still Cautious

New insights from the annual MYOB Business Monitor have shown the SME sector is still cautious about the potential for further economic recovery, with two-in-five (41%) expecting the New Zealand economy to decline this year. The latest research ... More>>

Tourism Industry Aotearoa: Trans-Tasman Bubble Benefits NZ

More people have entered New Zealand than have left since the opening of the trans-Tasman bubble, says Tourism Industry Aotearoa. Since the first flight from Australia to New Zealand took off from Sydney to Auckland on 19 April, the two-way Tasman travel ... More>>