increase font size
The local market lifted significantly for the 10,400 bales on offer at the South Island sale this week, NZ Wool Services International Ltd's general manager, John Dawson says.
The weakening NZ dollar, particularly against the US dollar which was down 4.97% compared to the last sale on May 9 and the weighted currency indicator down 3.91% was the principal market influence. This was supported by recent strong purchasing interest and a seasonal limited wool supply.
Dawson says a nominal offering of mid micron fleece were firm to 3% dearer.Fine crossbred fleece lifted up to 3.5% with the second shears 5 to 8% stronger. Good colour coarse crossbred fleece lifted 6% with poorer styles 2.5 to 5.5% dearer.
Coarse longer second shears were 4 to 6.5% firmer with shorter types 5 to 9% stronger. First lambs fleece ranged from 3 to 7% dearer. All coarse oddments were 9 to 10% stronger.Strong competition from Western Europe, Australasia and the United Kingdom was supported by China, India and the Middle East.
The next sale on the May 30 comprises 11,300 bales from the North Island.
While wool returns continue in the doldrums, smart sheep farmers are looking for alternatives for a product that currently cost more to get off a sheep's back than it's worth. One such initiative is run by husband and wife team Hayden and Anastasia Tristram who farm at Wanstead in the Central Hawke's Bay. Mark Daniel reports.
New research has provided insight into the functional potential of wool-derived protein, with an initial trial revealing it can influence how the body responds to insulin.
South Canterbury farmer Angela Blair has delivered a petition to Parliament calling on the Government to reverse its decision to fit rural schools with synthetic carpet.
Thousands of students could benefit from a new initiative designed to simplify schools’ access to New Zealand wool carpets for their classrooms.
Wool carpet maker Bremworth's Napier plant remains offline following Cyclone Gabrielle in February, with the future of 136 workers still up in the air.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
OPINION: The new government has clearly signalled big cuts across the public service.
OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…
