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

 

Wool Generally Holds Its Ground

Wool Generally Holds Its Ground

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the combined North and South Island auction comprising 20,585 bales saw a 91 percent clearance and a generally firm market except for the previously over pressured Fine Crossbred types which eased slightly.

The weighted indicator for the main trading currencies was down 1.47 percent compared to the last sale on 11th June helping underpin local values.

Mr Dawson advises that Finer Mid Micron Fleece were 3 to 6 percent easier with the coarser types firm to 2 percent dearer.

Fine Crossbred Fleece and Shears which had been under pressure for the Chinese market eased 2 to 6 percent.

Coarse Crossbred Full Fleece were firm in the South Island and ranged from firm to 3.5 percent cheaper in the North. Longer Coarse Shears were 1 to 2.5 percent cheaper with the short types 1 to 2 percent dearer.

First Lambs were 1 to 3 percent easier.

Long Oddments were firm to 3 percent dearer with short oddments ranging between 1 to 7 percent stronger.

The end of season sale was well supported with China, Australasia and the Middle East principals, supported by India, Western Europe and the United Kingdom.

The first sale for the 2015/16 season on 9th July comprises approximately 9,400 bales from the North Island.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Official Cash Rate Unchanged At 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range... More>>

ALSO:

Food Prices: Avocados At Lowest Price In Almost Three Years

Avocados are at their cheapest average price since February 2017, with tomato, lettuce, and cucumber prices also falling, Stats NZ said today. More>>

Auckland Port Move: Cabinet Ministers Deliberate On Report

Cabinet ministers now have a copy of a report urging the government to move the Auckland port up north, but say no final decisions have been made. More>>

ALSO:

Toxicology Tests Planned: Dead Rats Washed Up On Beaches

As many as 600 rats washed up on Westport's North Beach over the weekend to the horror of locals. DOC said they may have been killed by a recent 1080 poison drop 140km away and washed down the Buller River after heavy rain battered the coast. More>>

ALSO: