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

 

NZWSI Weekly Wool Market Report: Wool Firms

Wool Firms

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that apart from a small selection of Mid Micron wools, all other types at the South Island sale were between 1 and 4 percent dearer.

Of the 6,035 bales on offer, 90 percent sold.

The weighted indicator for the main trading currencies was down 2.36 percent adding strength to local prices.

Mr Dawson advises that Mid Micron Fleece were 2.5 to 3.5 percent cheaper.

Fine Crossbred Fleece were up to 1.5 percent firmer with shorter types 2 to 4 percent dearer.

Coarse Crossbred Full Fleece were 2 to 3 percent stronger with shears firm to 2.5 percent dearer.

Long Oddments were 3 percent stronger with shorter types up to 1.5 percent firmer.

Limited competition with China, Australasia and United Kingdom most active, supported by Middle East and India.

Next sale on 29th August comprises approximately 7,600 bales from the South Island.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Auckland Airport: North American Touch Downs Make AA Most Connected In Australasia
The return of American Airlines, the world’s largest airline, announced today has cemented Auckland Airport’s title as the Australasian airport with the most non-stop connections to the United States and Canada... More>>



Reserve Bank: Monetary Conditions Tighten By More And Sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability... More>>


The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>



Kiwibank: Savers To Benefit From Higher Returns Following OCR Rise

Following market movements Kiwibank is pleased to increase the interest rate and rates of return on its savings accounts... More>>

Fonterra: Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
Fonterra today announced its 2022/23 opening forecast Farmgate Milk Price and provided an update on its third-quarter performance... More>>


Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>