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


Fine Wools Ease, Coarser Types Steady

Fine Wools Ease, Coarser Types Steady

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the weaker New Zealand dollar played a small role in the South Island Wool auction of 10,300 bales this week, with supply and demand factors influencing sectors differently. There was a 90 percent clearance rate with the fine wool sector making up most of the passed in lots.

The weighted indicator for the main trading currencies eased 1.53 percent compared to the last sale on the 19th September.

Mr Steel advises that compared to the last time offered on 12th September Merino Fleece 17 to 19 microns ranged from slightly easier to slightly dearer.

Mid Micron Fleece 24 to 25.5 microns were firm to 1.5 percent cheaper with 26 to 31.5 microns 3 to 4.5 percent cheaper.

Compared to 19th September, Fine Crossbred Full Fleece, 3 to 5 inch and 2 to 3 inch were 1 to 3 percent dearer with 3 to 4 and 2 to 4 inches firm to 2 percent cheaper.

Coarse Crossbred Fleece, 3 to 5 inch and 2 to 3 inch wools were 1 to 2 percent dearer with 3 to 4 and 2 to 4 inch wools up to 3 percent cheaper.

Long Oddments remained generally firm with short types 2 to 4 percent stronger.

Wide spread competition with China, Western Europe and Australasia dominating, supported by United Kingdom, India and Asia.

Next sale on 3rd October comprises approximately 6,700 bales from the North Island which is 30 percent below anticipated roster.


© Scoop Media

Business Headlines | Sci-Tech Headlines


NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>


SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>


Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>


Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>


Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>