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

 

Limited supply pushes wool up

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.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Commerce Commission: Mercury Cleared To Acquire Trustpower’s Retail Business

The Commerce Commission has granted clearance for Mercury NZ Limited to acquire Trustpower Limited’s retail business. Deputy Chair Sue Begg said the Commission is satisfied that the acquisition is unlikely to substantially lessen competition in any New Zealand market.... More>>



Consumer NZ: Buy-now, Pay-later Raking In $10m+ In Late Fees Annually

A Consumer NZ survey has found buy-now, pay-later services are costing shoppers more than $10 million a year in late fees. Close to four out of 10 Kiwi consumers use buy-now, pay-later services, such as Afterpay, Laybuy and Zip... More>>

Westpac: Catherine Mcgrath Appointed New Zealand CEO

Westpac Group CEO Peter King and the Westpac New Zealand Board today announced the appointment of Catherine McGrath as Chief Executive Officer, Westpac New Zealand... More>>


Statistics: Surge In Imports Results In Record Monthly Trade Deficit
Imports increased $1.8 billion in August 2021 compared with August 2020, resulting in a record monthly trade deficit of $2.1 billion, Stats NZ said today. Exports were little changed, down $42 million. "This is a larger deficit than normal because of higher values for imports.. More>>

Fonterra: Completes reset, announces annual results and long-term growth plan out to 2030

Fonterra Co-operative Group Limited today announced a strong set of results for the 2021 financial year, reflected in a final Farmgate Milk Price of $7.54, normalised earnings per share of 34 cents and a final dividend of 15 cents... 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>>