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

 

Resurgent New Zealand Dollar Lowers Wool Prices

Resurgent New Zealand Dollar Lowers Wool Prices

New Zealand Wool Services International Limited’s Marketing Executive, Mr Nathan Arthur advises that the rise in the New Zealand dollar generally saw corresponding lowering of local wool prices in most areas apart from fine crossbred fleece and some targeted coarser types.

Of the 7,930 bales on offer 56 percent sold.

The weighted indicator for the main trading currencies was up 1.27 percent compared to the last sale on 8th June.
Mr Arthur advises that Fine Crossbred Fleece and Shears ranged from firm to 2 percent dearer.

Good style coarse crossbred full fleece were 2 percent cheaper with average and poorer styles easing 4 to 6 percent. Coarse shears were firm to 2 percent cheaper with the exception of 2 to 4 length shears increasing 3 to 4 percent.

First Lambs were firm to 1 percent dearer overall.

Oddments were 1 percent easier.

Next sale on 22nd June comprises approximately 11,000 bales from the North Island.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Official Cash Rate Unchanged At 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range... More>>

ALSO:

Food Prices: Avocados At Lowest Price In Almost Three Years

Avocados are at their cheapest average price since February 2017, with tomato, lettuce, and cucumber prices also falling, Stats NZ said today. More>>

Auckland Port Move: Cabinet Ministers Deliberate On Report

Cabinet ministers now have a copy of a report urging the government to move the Auckland port up north, but say no final decisions have been made. More>>

ALSO:

Toxicology Tests Planned: Dead Rats Washed Up On Beaches

As many as 600 rats washed up on Westport's North Beach over the weekend to the horror of locals. DOC said they may have been killed by a recent 1080 poison drop 140km away and washed down the Buller River after heavy rain battered the coast. More>>

ALSO: