Cut with care
OPINION: The new government has clearly signalled big cuts across the public service.
Renewed interest from China saw the finer types well supported in the combined North and South Island wool sales comprising 15,200 bales, NZ Wool Services International Ltd's, general manager, John Dawson reports.
This week's offering of 10,500 bales from the South Island saw a generally weaker market with 55% of the offering sold, says New Zealand Wool Services International Ltd's general manager, John Dawson.
Comparative market reporting based on the radically disparate volumes and types on offer between alternate weeks offerings of North and South Island wools is becoming increasingly difficult, says New Zealand Wool Services International Ltd's general manager, John Dawson.
The 7,900 bales of North Island wool on offer this week saw a 68.7% clearance with a generally firm to dearer trend, New Zealand Wool Services International Ltd's general manager, John Dawson reports.
An after-tax profit of $1.08 million for the six months to December 31, 2011, is ahead of budget, says New Zealand Wool Services International Ltd (WSI).
The rising New Zealand dollar being toyed with on the international currency market is driving local wool values down, says New Zealand Wool Services International Ltd's general manager, John Dawson.
OPINION: The new government has clearly signalled big cuts across the public service.
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