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


NZWSI Market Report: Wool Continues to Lift


New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that the combined offering of 15,209 bales saw good competition with 90 percent selling.

The weighted indicator for the main trading currencies came down 0.37 percent compared to last sale on 23 February.

Mr Dawson advises that Fine Crossbred Fleece and Shears were generally 1 to 4 percent dearer in the South Island compared to 23rd February, with North Island wools 5 to 8 percent dearer compared to the last North Island sale on the 16th February.

South Island Coarse Fleece and Shears were also 1 to 5 percent stronger with North Island Coarse wools increasing 7 to 11 percent compared to the last North Island sale.

First Lambs increased between 3 and 11 percent as a wider selection comes onto the market.

Long good coloured South Island Oddments increased by 6 to 10 percent with poorer colour remaining Firm. North Island Oddments increased 9 to 12 percent.

Well spread interest with Western Europe and China principals, supported by Australasia, India, Japan and the United Kingdom.

Next sale on 09th March comprises approximately 6,000 bales from the South Island.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Barfoot & Thompson: Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months

Data from nearly 16,000 rental properties managed by real estate agency Barfoot & Thompson shows Auckland’s average weekly rent rose by $6.12 (or 1 percent) during the second quarter... More>>

ComCom: Draft Report Says Regulatory System Favours Established Building Products
The Commerce Commission’s draft report into competition in the residential building supplies industry has identified two main factors negatively impacting competition... More>>

Statistics: Annual Wage Inflation Rises To 3.4 Percent
Wage inflation, measured by the labour cost index (LCI), was 3.4 percent in the year ended June 2022, while average ordinary time hourly earnings rose 6.4 percent, Stats NZ said today... More>>


Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>

APEC: Region’s Growth To Slow Amid Uncertainties And Crises
Economic growth in the APEC region is expected to slow this year amid soaring inflation, a protracted war in Ukraine and heightened uncertainties, on top of the continuing impact of the pandemic and virus mutations that are draining resources, according to a new report by the APEC Policy Support Unit... More>>

Financial Markets Authority: Survey Sheds Light On New Zealanders’ Experiences With Financial Sector
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position... More>>