INDEPENDENT NEWS

Wool Steady

Published: Thu 14 Jan 2016 03:22 PM
Wool Steady
New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that this week’s auctions held in both centres saw slightly different price movements between them, however overall the local market remained firm.
Of the 16,500 bales on offer, 95.6 percent sold.
The weighted indicator for the main trading currencies eased 1.59 percent compared to the last sale on 7th January and accounted for some of the local price increases.
Mr Dawson advises that more regular volumes available in the North Island resulted in some sectors easing with more restricted flows in the South Island putting pressure across the board.
Fine Crossbred Fleece were firm to 2.5 percent dearer. Long shears ranged from firm to 6 percent dearer. Short shears were firm to 4.5 percent dearer.
Coarse Fleece in the South were firm to 2 percent dearer with the North firm to 1 percent cheaper.
Second Shears in the South were firm to 2 percent dearer and firm to 2 percent cheaper in the North.
Fine First Lambs were firm to 2.5 percent dearer with coarse Lambs firm to 2 percent easier.
Oddments in the South were firm to 3 percent dearer and generally firm to 3 percent easier in the North.
Good competition with China and Australasia principal, supported by Middle East, Western Europe, India and the United Kingdom.
Next sale on 21st January comprises approximately 7,600 bales from the North Island.
ENDS

Next in Business, Science, and Tech

Consents For New Homes At All-time High
By: Statistics New Zealand
Unemployment Declines As Underutilisation Rises
By: Statistics New Zealand
The story behind Vodafone’s FibreX court ruling
By: Digitl
Why The Reserve Bank Is Concerned About New Zealand's Rising House Prices
By: The Reserve Bank of New Zealand
Westpac New Zealand Announces Strong Financial Result
By: Westpac New Zealand
MYOB: SME Confidence In Economic Performance Still Cautious
By: MYOB
Unemployment Statistics - COVID-19 Recovery Still Uneven
By: New Zealand Council of Trade Unions
Unemployment Drop No Cause For Celebration
By: New Zealand National Party
Drop In Unemployment Shows Govt Economic Plan Working
By: New Zealand Government
View as: DESKTOP | MOBILE © Scoop Media