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New Zealand Wool Services International Limited’s CEO, Mr John Dawson reports that the 8,450 bales of South Island wool on offer this week saw a 67 percent clearance with a generally firm trend.
New Zealand dairy farmers can look forward to a favourable season in 2017/18, but further upside to the current farmgate milk price may be limited, according to a new report from food and agribusiness banking specialist Rabobank.
New Zealand Wool Services International Ltds Marketing Executive Mr Malcolm Ching reports that the 6500 bales of North Island wool on offer saw a 72 percent clearance with most types easing further.
There is hesitation in the market as the outlook for currency changes, production levels, and stocks fuels short-term volatility, according to the Rabobank Global Dairy Quarterly Q1 2017.
New Zealand Wool Services Marketing Executive Malcolm Ching reports that the 11700 bales of South Island wools on offer this week, which contained a high proportion of re-offered lots, saw targeted buying and only 46 percent selling as many growers are unwilling to accept current market prices.
The Financial Markets Authority has today confirmed that businesses selling short-duration derivatives need to be licensed. The Financial Markets Conduct Act introduced licensing for derivatives issuers in December 2014.
New Zealand Wool Services International Ltd’s CEO Mr John Dawson reports that despite the weighted currency indicator easing slightly, the North Island Wool Auction saw a softening for good to average style wools, with poor colour wools faring better Of the 10,183 bales on offer 80 percent sold
By Michael McCarthy (chief market strategist, CMC Markets)
By Ric Spooner (Chief Market Analyst, CMC Markets)
In finishing well off their lows last night, US markets have given lie to the nervousness evident in Asian markets yesterday morning. This relative calm should support a firm opening on the local market this morning.
The 120th anniversary of the admission on 26 March 1897 of Te Apirana Turupa Ngata as a barrister and solicitor is something all New Zealanders can celebrate, the New Zealand Law Society and Te Hunga RÅia MÄori o Aotearoa (the MÄori Law Society) say.
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