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

 

Wool Demand Outstrips Supply

Wool Demand Outstrips Supply

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that strong buying interest for quick shipment underpinned this week’s wool market for the 13,789 bales on offer from both Islands.

Currency played a minor role despite the New Zealand dollar’s volatility with the indicator for the main trading currencies practically unchanged at 0.6898 compared to the last sale on 29th January.

Of the offering 90.8 percent sold with most unsold wools coming from the Mid Micron selection.

Mr Dawson advises that there were some inter Island variations in price direction in some sectors, with an overall firm to dearer trend.

Fine Crossbred Fleece were generally firm to 3 percent dearer with shears firm to 4 percent stronger.

Coarse Crossbred Full Fleece were firm to 3 percent dearer except poorer styles in the North which were up to 2 percent cheaper.

Coarse Shears were firm to slightly dearer except short poor styles in the North which were up to 2 percent easier.

Lambs Fleece ranged from 1 to 5 percent dearer with wide spread competition.

Long Oddments were firm to slightly easier with short types ranging from 2.5 percent softer to 2.5 percent dearer depending on selling centre, colour and micron.

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

Next sale on 12th February comprises approximately 6,900 bales from the North Island and 5,700 bales from the South.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>



Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>


Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>



Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: