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


NZWSI Market Report: Wool Prices Align

Wool Prices Align

New Zealand Wool Services International Ltd’s Marketing Executive, Malcolm Ching, reports that the 17978 bales from the North and South Island auctions saw an 82 percent clearance with opposing price shifts in each centre seeing the South easing and the North lifting, generally bring comparable types in each centre to the same price levels.

The weighted currency indicator was 1.05 percent higher than last week having a small impact.

Mr Ching advises that compared to the last sale on 9th March, todays South Island auction for Fine Crossbred fleece and shears were 1 to 2 percent cheaper, Coarse Fleece 2 to 4 percent cheaper with shears 2 to 6 percent easier. First lambs eased 1 percent with long oddments increasing up to 10 percent and short oddments 2 to 4 percent cheaper.

Compared to the sale on 2nd March this week’s North Island auction saw Fine Crossbred fleece and shears 2 to 4 percent dearer, Coarse Crossbred fleece firm to 7 percent dearer with Coarse shears 2 to 5 percent dearer. First Lambs were 3 to 7 percent stronger with oddments generally 2 to 7 percent dearer.

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

Next sale on 23rd March comprises approximately 7900 bales from the South 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>>