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


Slightly Softer Wool Levels

Slightly Softer Wool Levels

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that a stronger New Zealand dollar compared to the last sale on 8th August combined with a larger weekly wool volume and quiet international demand saw the market ease off slightly.

Of the 18,660 bales on offer from both selling centres, 88 percent sold. The weighted indicator for the main trading currencies lifted 0.88 percent accounting for around half of the price differences.

Mr Dawson advises that Mid Micron wools remained firm to slightly easier.

Fine Crossbred Full Fleece were firm to 3 percent cheaper with the shorter types 1 to 4 percent softer.

Coarse Crossbred Fleece were firm to 2 percent easier with shears ranging from firm to 4 percent down.

A nominal offering of end of season lambs wool were slightly cheaper.

Oddments ranged from firm to 5 percent easier with the shorter types affected the most.

Limited competition with Australasia, China and the Middle East principals, supported by Western Europe, India and the United Kingdom.

Next sale on the 22nd August comprises approximately 5,800 bales from the South Island.


© Scoop Media

Business Headlines | Sci-Tech Headlines


MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>

Commerce Commission: Invites Feedback On Its Initial Views Of Wellington Airport’s Pricing Decisions

The Commerce Commission is inviting feedback on its initial views, released today, about Wellington Airport’s pricing decisions for specified airport services, such as aircraft parking or airfield and passenger terminal charges, for the period 1 April 2019 to 31 March 2024... More>>

Government: Lower Card Fees On Way For Business, Consumers

A Bill to help lower the fees charged when credit and debit transactions are made, will save New Zealand businesses around $74 million a year... More>>

Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>

DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>

Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>