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


Market Eases Slightly for Coarser Wools

Market Eases Slightly for Coarser Wools

New Zealand Wool Services International Ltd’s Marketing Executive, Mr Malcolm Ching reports that the 6470 bales on offer saw a 72 percent clearance with most types slightly easier compared to the last South Island sale on 4th August.

Second shear wools, however, when compared to last week’s North Island sale were generally 2 to 6 percent dearer except for very short shears which eased slightly.

The weighted currency indicator was 0.43 percent up on last sale, having minimal impact.

Mr Ching advises that Northern European vacations and a quiet Chinese market contributed to the slightly softer local levels.

When compared to the similar offering on 4th August;

Mid Micron Fleece 24.5 to 28.5 microns were firm to 3 percent dearer with 29.0 to 30.5 microns 5 to 7 percent dearer.

Fine Crossbred Fleece and long shears eased 1 to 2 percent.

Coarse Crossbred Full Fleece were 1 percent cheaper. Coarse shears were 1 to 3 percent cheaper, however compared to the North Island sale on 11th August were 2 to 6 percent dearer except 2 to 3 inch wools which eased 2 percent.

Oddments were generally 1 percent cheaper.

Limited competition with Western Europe dominating the finer types. Wider interest supported the coarser wools with Australasia, China and Middle East principals, supported by Western Europe and India.

Next sale on 25th August comprises approximately 5300bales from the South Island, which is again affected by weather, being 35 percent below anticipated roster quantity.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Building Activity Down In September Quarter
The volume of building activity in New Zealand fell 8.6 percent in the September 2021 quarter, compared with the June 2021 quarter, Stats NZ said today. Residential building activity fell by 6.4 percent in the September 2021 quarter, while non-residential building activity fell 12 percent... More>>

Government: David McLean Appointed As KiwiRail Chair

David McLean has been appointed as Chair of KiwiRail Holdings Ltd, the Minister for State Owned Enterprises Dr David Clark and Minister of Finance Grant Robertson announced today... More>>

Dairy NZ: ‘More Milk From Fewer Cows’ Trend Continues In A Record Year
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Xero: Data Reveals ICT Expenditure Key To Small Business Sales Growth
Xero, the global small business platform, today released a new report which shows New Zealand small business ICT expenditure has increased 25 percent compared to pre-pandemic levels - more than the UK (20%) and Australia... More>>

Fonterra: Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance... More>>

Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts

New Zealand’s extinct Haast’s Eagle (Hieraaetus moorei), the largest known eagle, gulped down viscera like a vulture and may even have been bald, new research suggests... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>