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

 

Wool Lifts

Wool Lifts

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that a slightly easier New Zealand dollar and limited wool volumes combined with steadier enquiry, saw most categories well supported.

Of the 5,700 bales on offer, 92 percent sold.

The weighted indicator for the main trading currencies compared to last sale weakened 0.94 percent, helping underpin local prices.

Mr Dawson advises that compared to the sale on 5th November, Merino Fleece were generally firm to 2 percent dearer. Mid Micron Fleece were firm to 3 percent dearer.

Compared to the 12th November sale, Fine Crossbred Fleece were 1 to 4 percent dearer, longer shears firm to 4 percent dearer and shorter types firm to 2.5 percent easier.

Coarse Crossbred Full Fleece were up to 1.5 percent dearer.

Long Coarse Shears and very short shears eased 1.5 percent with 3 to 4 and 2 to 4 inch shears firm to 1.5 percent firmer.

Oddments were 3 to 6 percent dearer.

Good competition with China principals, supported by Western Europe and Australasia with limited interest from elsewhere.

Next sale on 26th November comprises approximately 5,900 bales from the North Island.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO:

Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>

ALSO:

EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>

ALSO: