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

 

Wool Attracts Mixed Support

Wool Attracts Mixed Support


New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that targeted buying saw some types well supported at the North Island auction with others either holding steady or easing slightly.

Of the 5,000 bales on offer 88 percent sold. The weaker New Zealand dollar against most of the traded currencies saw the weighted indicator come down 0.80 percent compared to the last sale on 21st April.

Mr Dawson advises that:

Fine Crossbred Shears were firm to 2 percent easier.

Coarse Crossbred Fleece were firm to 1.5 percent cheaper.

Coarse Crossbred Shears were well supported, ranging from firm to 3 percent dearer with good styles sought after.

Shorter First Lambs were 1 to 3 percent easier with long Lambs firm to 4 percent dearer.

Long Oddments were firm to 1 percent cheaper with short oddments 2 to 5 percent dearer.

Limited competition with Australasia, Western Europe and China principals with support from India, Middle East and United Kingdom.

Next sale on 5th May comprises approximately 4,700 bales from the South Island.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Science Media Centre: Understanding DDoS cyber attacks – Expert Reaction

Cyber attacks have hit several New Zealand organisations this month, disrupting their online services. The Distributed Denial of Service (DDoS) attacks were the same kind of cyber attack that affected the NZX around this time last year... More>>


Financial Markets Authority: Spike in investment scam complaints since COVID

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – is warning New Zealanders to be on the lookout for three unique types of scams that have been on the rise since the start of COVID-19. The warning comes as the FMA responds to a rise in complaints about investment scams and fraud lodged with the regulator in the first half of this year... More>>


Statistics: Strong export growth narrows current account deficit to $3B

The seasonally adjusted current account deficit narrowed to $3.0 billion in the June 2021 quarter, Stats NZ said today. The current account deficit was $2.2 billion narrower than the previous quarter due to an increase in value of goods exports (up $1.4 billion) and services exports (up $1.7 billion... More>>




Statistics: GDP rises in the June 2021 quarter

Gross domestic product (GDP) rose by 2.8 percent in the June 2021 quarter, following a 1.4 percent increase in the March 2021 quarter, Stats NZ said today. June 2021 quarter GDP was 4.3 percent higher when compared with the December 2019 quarter... More>>


Energy-from-waste: $350 Million Plant To Deliver Renewable Energy Considered

Investigations have begun into the viability of building an Energy-from-Waste plant that will safely convert 350,000 tonnes of waste, that would otherwise be dumped into South Island landfills annually, into renewable electricity... More>>

Olam: Confirms plans for commissioning of NZ dairy plant

OFI, a global leader in natural and sustainable food ingredient solutions, today confirmed plans to develop a new dairy processing facility at Tokoroa. It is now taking expressions of interest from potential farmer suppliers, employees, contractors, and general trade suppliers... More>>