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


Wool Eases Slightly

Wool Eases Slightly

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 7,000 bales of South Island wools on offer this week saw a slightly easier market overall with an 82 percent clearance.

The weighted indicator for the main trading currencies lifted 0.21 percent to the downward pressure on local prices.

Mr Dawson reports that the Northern European summer break and continuing pressure on China’s internal economic situation is limiting the market at present as exporters cover for immediate shipment commitments only.

The Fine and Coarse end of the Mid Micron Wools were firm to 2.5 percent dearer, with only the 26.5 to 27.5 types 1 to 3.5 percent cheaper.

Fine Crossbred Full Fleece were firm to 3 percent cheaper with shorter types firm to 2 percent easier.

Coarse Crossbred Full Fleece and longer shears eased by 1 percent with the shorter types coming back 2 to 4 percent.

A nominal offering of First Lambs were firm to 4 percent cheaper.

Limited competition spread mainly between China, Australasia and the Middle East with support from Western Europe, India and the United Kingdom.

Next sale on 8th August comprises approximately 5,400 bales from the South Island.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Reserve Bank: RBNZ To Implement $30bn Large Scale Asset Purchase Programme Of NZ Govt Bonds

The Monetary Policy Committee (MPC) has decided to implement a Large Scale Asset Purchase programme (LSAP) of New Zealand government bonds. The negative economic implications of the coronavirus outbreak have continued to intensify. The Committee ... More>>


Elevate NZ: Venture Fund To Lift Productivity

The Government’s new $300 million venture capital fund - announced in last year’s Budget – is now open for business as the Elevate NZ Venture Fund. Finance Minister Grant Robertson says lifting New Zealand's productivity requires well-functioning ... More>>


COVID-19: Case Confirmed In NZ – Expert Reaction

After spreading across the globe for months, the first case of COVID-19 has been reported in New Zealand. The Ministry of Health says the risk of a community outbreak is low, due to their preparedness and the high awareness of the disease. The Science ... More>>


Agriculture: New Legislation To Boost Organics

New organics legislation will boost consumer confidence and help grow an innovative sector, says Food Safety Minister Damien O’Connor. “The Organics Product Bill, introduced to Parliament this week, aims to increase consumer confidence when purchasing ... More>>


Biodiversity Policy: Misinformation Circulating

Forest & Bird is concerned at misinformation circulating regarding a policy statement aimed at protecting New Zealand’s unique biodiversity. The National Policy Statement for Indigenous Biodiversity is being consulted on by the ... More>>