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


North Island Wool Auction Eases

North Island Wool Auction Eases

New Zealand Wool Services International Ltd’s CEO Mr John Dawson reports that the North Island wool auction saw a continuing softening for average to poor style wools, with good colour and better prepared wools faring better.

Of the 9230 bales on offer 85 percent sold.

The weighted currency indicator was 0.81 percent stronger, adding to the easing local market conditions.

Mr Dawson advises that restricted client activity coupled with the Chinese New Year vacation period is limiting the market presently.

Compared to 12 th January North Island auction;

Fine Crossbred full fleece were firm for good style and 4 to 7 percent cheaper for poorer styles. Fine early shorn and second shear were 1 to 5 percent easier.

Good colour coarse crossbred fleece were 1.5 percent dearer with average to poor styles firm to 3 percent cheaper. Coarse shears were generally 3 percent cheaper.

Short first lambs were 2 to 3 percent cheaper.

Long oddments eased 2 to 3 percent with short oddments ranging from 2.5 to 15 percent cheaper as volumes increase and style declines.

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

Next sale on 26 th January comprises 9600 bales from the South Island and 8850 bales from the North Island.


© 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>>