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

 

Supply Pressures Wool

Supply Pressures Wool


New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that lower than expected wool volumes this week pressured the South Island auction generally lifting the market 2 percent.

Of the 9,265 bales on offer 92 percent sold.

The weighted indicator for the main trading currencies leading up to the sale was 0.21 percent stronger compared to the last sale on 16th April.

Mr Dawson advises that shipment pressure and a wider wool type selection than last sale, added to the market strength.

Fine Crossbred Fleece and Shears were 1 to 3 percent dearer.

Coarse Crossbred Fleece, good and average style were 1 to 3 percent dearer with poor styles 3 to 4 percent stronger.

Longer Coarse Shears lifted 2 to 4 percent with short types firm to 3 percent dearer.

First Lambs 30 micron and finer were 2 to 4 percent stronger, coarser short lambs were 1.5 percent to 3 percent firmer with longer types 2 to 5 percent easier.

Long coarse oddments were firm to 2 percent cheaper with short oddments 1 to 3 percent dearer.

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

Next sale on 30th April comprises approximately 5,100 bales from the North Island.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

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>>

ALSO:

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>>

ALSO:

Research: Climate Change Throws Tree Seeding Out Of Sync – New Study

Climate change is negatively affecting tree reproduction by throwing seed production systems out of synchronisation, according to a new international study co-authored by a University of Canterbury scientist. Many tree species worldwide produce large ... More>>

ALSO:


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>>

ALSO:

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>>

ALSO: