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


Limited supply pushes wool up


New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that seasonal limited wool supply and a generally weaker New Zealand dollar saw the 4,700 bales in the South Island sale well supported with an 85.6 percent clearance.

The weighted currency indicator compared to last sale on 28th April was down 0.69 percent, aiding the local market lift.

Mr Dawson advises that steady buying interest from Australasia and Western Europe is under pinning the market, particularly for better prepared wools.

Fine Crossbred Fleece and Shears were firm to 4.5 percent dearer.

Coarse Crossbred Fleece were 3 to 4 percent stronger with coarse shears 1 to 2.5 percent firmer.

Short Lambs were 1.5 to 6 percent dearer with combing lambs firm to 3.5 percent stronger.

Oddments were firm to 2 percent dearer.

Good competition from Australasia and Western Europe with support from Middle East, China and India.

Next sale on 12th May comprises approximately 4,750 bales from the North Island, down 37 percent on anticipated rostered quantity.


© Scoop Media

Business Headlines | Sci-Tech Headlines


NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>


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>>


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>>


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>>


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>>