Global Stories

NZ lamb wool prices jump to 4-year high, aided by Chinese demand, US dollar strength

New Zealand lamb wool prices jumped to the highest in more than four years at auction yesterday on increased demand from China for the apparel fibre,.

By Pattrick Smellie • 2 min read • Fri, 13th Mar 2015

Silver Fern Farms

Weak global demand weighs on New Zealand sheep, cattle prices

Weakening demand in China and Europe, combined with the impact of a nine-month port strike on the US West Coast, have eroded farmgate prices for sheep.

By Pattrick Smellie • 3 min read • Tue, 3rd Mar 2015

Fibre

Lamb wool prices close to 4-year high on increased demand from China

New Zealand lamb wool prices jumped to their highest level in almost four years at auction yesterday on increased demand for the apparel fibre.

By Pattrick Smellie • 2 min read • Thu, 5th Feb 2015

Rabobank

NZ's record beef prices set to continue into 2015, Rabobank says

Record beef prices are expected to continue for New Zealand farmers early in 2015, underpinned by tight supply and strong demand, according to Rabo.

By Pattrick Smellie • 2 min read • Wed, 31st Dec 2014

Uber

More outrage after Uber cashes in on Sydney hostage crisis

Uber sparks fury as it quadruples fares in Sydney amidst a hostage crisis, prioritizing profits in a city's hour of need.

By Shannon Williams • 2 min read • Tue, 16th Dec 2014

Market

China's crackdown on polluting tanneries, Russia sanctions drive record slump in lambskin prices

Global lambskin prices have collapsed from the first quarter's record highs, as a Chinese crackdown on polluting tanneries and Russian trade sancti.

By Pattrick Smellie • 4 min read • Fri, 28th Nov 2014

Stories from Other Regions

Fonterra

NZ milk powder futures drop as Fonterra lifts GDT volumes, signalling prices will fall

New Zealand whole milk powder futures dropped after Fonterra Cooperative Group said it will increase the volume of product it puts up for sale on the.

By Pattrick Smellie • 3 min read • Fri, 27th Mar 2015

AgriHQ

NZ export log prices record first drop in eight months as Chinese inventories build

New Zealand export log prices dropped for the first time in eight months as shipments to China exceed demand, resulting in a build up of inventory.

By Pattrick Smellie • 2 min read • Mon, 23rd Mar 2015

Supply Chain

NZ lamb wool prices fall from 4-year high as higher kiwi makes local wool more costly

New Zealand lamb wool prices fell from a four-year high at auction last week as a rising local currency made the fibre more expensive.

By Pattrick Smellie • 2 min read • Mon, 23rd Mar 2015

Housing

NZ house prices rise 3.6% in February, led by a 14% jump in Auckland prices

New Zealand residential property prices rose in February, led by Auckland where an under-supply of housing is putting pressure on the market.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015

NZX

NZ wool market mixed amid targeted buying

New Zealand crossbred wool, which accounts for the majority of the country's production, rose to a three-and-a-half month high this week on lower volu.

By Pattrick Smellie • 2 min read • Fri, 6th Mar 2015

TVNZ

Television New Zealand 1st-half profit drops 5% on weaker ad revenue

Television New Zealand, the state-owned broadcaster, posted a drop in first-half profit of about 5 percent as advertising revenue weakened and costs r.

By Pattrick Smellie • 2 min read • Mon, 2nd Mar 2015

Westpac

UPDATE: Fonterra Shareholders' Council relieved at dairy forecast being maintained

Farmers will be relieved at today's decision by Fonterra Cooperative Group, the world's largest dairy exporter, to maintain its forecast payout to fa.

By Pattrick Smellie • 4 min read • Thu, 26th Feb 2015

Health Technologies

Vital Healthcare 1H earnings drop 21% on bigger tax bill

Vital Healthcare Property Trust, the country's biggest listed healthcare property investor, reported a 21 percent drop in first-half earnings as it fa.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015

Sales

Freightways first-half profit jumps 21% as sales, margins grow from couriers, data management

Freightways posted a 21 percent gain in first-half profit after lifting sales and fattening margins at its courier and information management units.

By Pattrick Smellie • 3 min read • Mon, 23rd Feb 2015

NZX

RESEND: LIC lifts first-half profit 10% on demand for dairy breeding technology

Livestock Improvement Corp, a farmer cooperative that sells bull semen and provides a dairy genetics database, posted a 10 percent gain in first-ha.

By Pattrick Smellie • 2 min read • Thu, 12th Feb 2015

Inflation

NZ property value annual growth accelerates in January

New Zealand's residential property values grew at a faster annual pace in January as a shortage of houses for sale in Auckland continued to fan the.

By Pattrick Smellie • 3 min read • Tue, 3rd Feb 2015

Wall Street

NZ dollar drifts lower has slide in crude oil saps risk appetite

The New Zealand dollar fell as the continued decline in crude oil prices stoked concern that global economic growth may be faltering, weighing on e.

By Pattrick Smellie • 3 min read • Mon, 15th Dec 2014

Sales

NZ manufacturing sales rise 0.4% in 3rd-qtr, as metal offsets slide in dairy, meat

New Zealand manufacturing sales rose in the third quarter as an increase in output of metal building products offset a decline in volumes for both.

By Pattrick Smellie • 2 min read • Mon, 8th Dec 2014

Inflation

NZ dollar little changed vs. Australian dollar after RBA talks down currency

The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept its key rate at a record lo.

By Pattrick Smellie • 2 min read • Tue, 2nd Dec 2014