Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Wool Holds Firm

Wool Holds Firm

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island Wool auction comprising 14,300 bales saw some movement each way; however was generally firm overall with a clearance of 93.6 percent.

The weighted indicator for the main trading currencies strengthened 0.75 percent having little impact on local prices with underlying demand and limited supply the main drivers.

Mr Dawson advises that a nominal offering of Mid Micron Fleece were firm to 3 percent dearer. Fine Crossbred Fleece ranged from firm to 4.5 percent stronger with the finer end affected the most. Fine Crossbred Shears were firm to 3 percent easier.

Coarse Crossbred Fleece and Shears were firm to 1% firmer. Long First Lambs were up to 1 percent dearer with shorter types 1 to 2 percent cheaper.
Long Oddments were slightly firmer overall with short oddments up to 2 percent easier.

Good competition with Australasia, China and the Middle East principals, supported by Western Europe, United Kingdom and India.
Next sale on 1st August comprises approximately 6,100 bales from the South Island.

ends

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.