INDEPENDENT NEWS

Wool Stays Steady

Published: Thu 10 Mar 2016 02:10 PM
Wool Stays Steady
New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that the South Island offering of 7,800 bales saw good competition with 88 percent selling.
The weighted currency indicator came down 0.98 percent compared to the last sale on 3rd March, however the US dollar was practically unchanged with the NZ Dollar softening against the Euro, Stirling and Australian currencies.
Mr Dawson advises that Fine Crossbred Fleece and Shears were generally firm to slightly dearer.
Coarse Fleece and Shears were also firm to 1.5 percent stronger.
First Lambs eased between 1 and 3 percent as more coarser types come onto the market.
Long Oddments were firm with good colour short oddments 3 to 6 percent dearer.
Well spread interest with Australasia and China principals, supported by Western Europe, Middle East, India and the United Kingdom.
Next sale on 17th March comprises approximately 11,400 bales from the North Island and 6,800 bales from the South Island. This is the last double selling centre sale for the season.
ENDS

Next in Business, Science, and Tech

Government accounts show strong economy
By: New Zealand Government
OceanaGold cleared to buy land for Waihi tailings expansion
By: BusinessDesk
Fletcher sued for $7.5m over Christchurch justice precinct
By: BusinessDesk
PHARMAC signs bundle deal for more cancer medicines
By: PHARMAC
Government levels electricity playing field for consumers
By: New Zealand Government
NZ dollar rises on better-than-expected govt surplus
By: BusinessDesk
Rail revaluation bolsters Crown 2019 accounts
By: BusinessDesk
Shane Jones' PGF quietly made tax-exempt
By: BusinessDesk
Robertson’s pockets bulge as everyday Kiwis struggle
By: New Zealand National Party
DHB deficits out of control, health services at risk
By: New Zealand National Party
Green Party responds to Government surplus announcement
By: Green Party
Nearly $2 of every $5 swallowed by the Government
By: ACT New Zealand
NZEI Te Riu Roa welcomes Government's education spending sig
By: NZEI
Give the money back, Grant
By: New Zealand Taxpayers' Union
Surplus should be spent on housing, health and services
By: Public Service Association
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media