INDEPENDENT NEWS

New Zealand Dollar Lifts Wool Prices

Published: Thu 12 Mar 2015 04:30 PM
New Zealand Dollar Lifts Wool Prices
New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the weaker New Zealand dollar particularly against the US dollar saw all categories dearer this week.
The weighted indicator for the main trading currencies was down 2.45 percent compared to the last sale on 5th March with many wool types appreciating by a corresponding amount.
Of the 8,000 bales on offer, 90 percent sold.
Mr Dawson advises that Fine Crossbred Fleece were 4 percent dearer with the second shears 1 to 3 percent firmer.
Coarse Full Fleece were 1 to 4 percent stronger with poorer styles lifting the most. Coarse shears were 1 to 3 percent dearer.
Fine First Lambs lifted 1 percent with 28.5 micron and coarser increasing 3 to 4 percent, pushed by ongoing strong demand.
Long Oddments increased 2 percent with Short Oddments firm to 2 percent dearer.
Good competition with China, Australasia and India principals, supported by Western Europe, the Middle East and the United Kingdom.
Next sale on 19th March comprises approximately 10,500 bales from the North Island and 6,700 bales from the South Island.

Next in Business, Science, and Tech

Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action
By: BusinessNZ
The home printer market is broken
By: Digitl
SFO Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
By: Serious Fraud Office
Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys
By: Commerce Commission
Robust Balance Sheets Yield Faster Economic Recovery
By: The Reserve Bank of New Zealand
Transpower Releases Independent Report Into Events Of August 9
By: Transpower
View as: DESKTOP | MOBILE © Scoop Media