Wool campaign making strides
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
NZ Wool Services International Limited's CEO John Dawson says the strengthening dollar and low overseas interest saw most types ease for the 5,100 bales of North Island wool on offer this week.
The weighted currency indicator compared to the last sale on the 8th of October firmed 2.27%, having an easing effect on local wool prices with 82% selling.
Very limited activity from the usually dominant Chinese market saw their usual types incur significant reductions, however continued covering from past sales for the Australasian carpet market resulted in steadier prices for this sector on limited supply.
Dawson advises, Finer Crossbred full fleece were 13% to 17% cheaper with the coarser end 3% easier.
Fine Crossbred shears ranged from 1% to 3% cheaper in local terms with the very short types fairing the best.
Full length Coarse Crossbred wools were 2% to 3% cheaper with shears firm to 1% easier.
Short Oddments received limited attention, reducing up to 10%.
Limited competition with most activity covering old sales to China and Australasia with limited interest from Western Europe, Middle East, United Kingdom and India.
Next sale on 22nd October comprises approximately 7,950 bales from the South island.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
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