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

 

Wool Values Ease

Wool Values Ease

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the North Island offering this week, made up predominantly of short coarse Second Shear wools compared to the more varied South Island longer selection last sale on 4th June, saw prices ease despite the weakening New Zealand dollar.

The weighted indicator for the main trading currencies came back by 1.95 percent with a 98 percent clearance of the 9,400 bales on offer.

Mr Dawson advises when compared to the last North Island sale on 28th May when a comparable selection was offered prices are generally firm to 2.5 percent dearer, however, when compared to the South Island sale on 4th June;

Fine Crossbred Shears ranged from firm to 4 percent easier.

Coarse Crossbred Full Fleece were 1 to 3 percent cheaper, longer shears 3 to 6 percent lower and short shears 1 to 3 percent cheaper.

First Lambs Fleece were firm to 3.5 percent easier.

Short Oddments ranged from 1 to 5 percent cheaper.

Strong competition with China principal supported by Australasia, Western Europe, Middle East and India.

Sale on 18th June has been cancelled due to insufficient wool available, with the next sale on 25th June comprising approximately 6,150 bales from the South Island and 10,800 bales from the North Island.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Consumer NZ Testing: Nine Sunscreen Brands Fail Protection Tests

Nine different brands fell short in the latest round of testing by Consumer NZ, which covered 20 products. More>>

ALSO:

Media: NZME 'In Discussions' To Buy Stuff

NZME confirms that it is in discussions with Stuff’s owners Nine and has put a proposal to the Government regarding a possible transaction. However, NZME notes that these discussions are preliminary... More>>

Consultation: Plan Of Action To Protect Seabirds

The draft National Plan of Action plan outlines the Government’s commitment to reducing fishing-related captures of seabirds, with clear goals and objectives, supported by an implementation plan. More>>

ALSO:

Housing Issues: Fairer Rules For Tenants And Landlords

The key changes include: - Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords. - Improve tenant’s security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement... More>>

ALSO: