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

 

Dollar Drop Helps Push up Wool

Dollar Drop Helps Push up Wool

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the rapidly weakening New Zealand dollar against the US and GBP aided by recent active customer buying activity saw the local prices lift in all areas.

Of the 21,600 bales on offer, 93.7 percent sold with mainly some Merino’s being held back.

The weighted indicator for the main trading currencies was down 2.28 percent accounting for most of the price gain in the carpet wool sector with sales/supply pressure pushing Lambs wool and Fine Crossbred’s higher.

Mr Steel advises that Fine Mid Micron Fleece were 7 to 11 percent dearer with coarse types 3 percent dearer.

Fine Crossbred Fleece were 4 to 8 percent stronger. Fine Crossbred Shears were 2 to 8 percent dearer. Coarse Crossbred Fleece and Shears lifted 1 to 5 percent.

Finer Lambs Fleece were 2 to 7 percent dearer with coarser types 1 to 4 percent dearer.

Coarse Oddments ranged from firm to 7 percent stronger.

Well spread interest with China, India, Australasia and the Middle East principals, supported by United Kingdom and Western Europe.

Next sale on Wednesday 4th February comprises approximately 6,900 bales from the North Island and 6,600 bales from the South Island.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>


E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>




Stats NZ: Card Spending Sees Strong Growth In May

Seasonally adjusted card spending rose by $189 million (2.3 percent) between April 2021 and May 2021, Stats NZ said today.
Spending rose across all industries for the first time since New Zealand moved to level 1 in June 2020... More>>


Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>



Stats NZ: New Zealand Is Getting Drier

While there is natural variation in precipitation due to seasons and cycles, New Zealand appears to be getting drier, Stats NZ said today... More>>