INDEPENDENT NEWS

South Island Wool Prices Strenghten

Published: Thu 18 May 2017 03:22 PM
South Island Wool Prices Strenghten
New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that a wider range of better styled wools and a renewed interest from some sectors this week saw the market well supported.
Of the 7,600 bales on offer, 81 percent sold with some growers holding out for better levels.
The weighted indicator for the main trading currencies compared to last week was up 1 percent.
Compared to last week’s less stylish North Island selection:
Fine crossbred fleece were nominally 1 percent dearer with shears increasing 2 to 3 percent. Good and poor colour coarse crossbred fleece were firm with average styles increasing 2 to 4%.
Longer coarse shears were 1 to 3 percent dearer with shorter shears 2 to 4 percent stronger.
Fine first lambs ranged from 3 to 5 percent dearer with coarser lambs showing good support increasing by 4 to 6%.
Next sale on 25 th May comprises approximately 7,300 bales from the North Island.
ends

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