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

 

NZWSI Market Report: North Isalnd Wool Market Settles Back

NORTH ISALND WOOL MARKET SETTLES BACK

New Zealand Wool Services International Ltd’s CEO Mr John Dawson reports that the North Island sale comprising 5553 bales saw a range of activity with 82 percent selling and mixed fortunes despite a more favourable currency factor.

The weighted indicator for the main trading currencies is 0.93 percent lower than the previous sale having limited impact. The targeted buying trend continues as Exporters purchase only to cover immediate shipments given the ongoing unsettled market environment and restricted Chinese interest.

Mr Dawson advises that compared to the last North Island sale on 20 October;

Fine Crossbred Fleece were 1 to 3 percent cheaper with Early Shorn and Second Shears ranging from 2 percent dearer to 3 percent cheaper with very targeted buying influence in this sector.

Coarse Full Fleece were 2 to 3 percent cheaper with Coarse Shears firm to 1 percent easier.

Good style Short Oddments were 2 to 4 percent cheaper and poorer styles firm to 5 percent cheaper.

Limited competition with Australasia, China and Western Europe principals, supported by United Kingdom, India and the Middle East.

Next sale on 10th November comprises approximately 5750 bales from the South Island.

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:



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>>

ALSO:

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>>

ALSO: