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


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>>


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>>


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>>


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>>


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>>