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CONCERNS OVER Europe’s economy has hit wool consumer and processor confidence, making many buyers stand out of the market, says Wool Services International.
That resulted in an average 4% easing in prices at yesterday’s (December 8) auction. With sellers reluctant to accept lower market levels 31% was passed in.
Currency played little part, the weighted indicator for the main trading currencies being just 0.14% up since last week’s auction.
WSI says fine crossbred full fleece as well as 3/5 and 3/4 inch shears were 3 to 4% softer with the shorter types discounted by 5 to 8%.
Coarse crossbred fleece was 3.5 to 5% easier with longer shears 3 to 6% cheaper and 2/4 and 2/3 inch shears 6 to 7% weaker.
Coarse combing oddments ranged from 5 to 8% cheaper. Clothing oddments 2/4 inch resisted the trend and increased by 1%, but shorter types were up to 4% softer.
China and Australasia dominated the buying.
The next sale, December 15, comprises approximately 6,600 bales from the North Island and 6,900 bales from the South Island, which is 9,000 bales less than the anticipated rostered quantities.
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Hinehou Timutimu, the 2026 Fonterra Dairy Woman of the Year, says she feels privileged to have won the award.
Irish meat processor Dawn Meats has acquired Alexander Eyckeler GmbH, a long-standing German customer and partner of Alliance Group, for an undisclosed sum.
ACT's new immigration policy has come under fire from farmers and the Government.
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ACT MP and Minister for Biosecurity Andrew Hoggard says he's hearing a common story about school buses, with empty seats, driving past pick-up points, while a parent follows behind in a farm ute, burning fuel and taking up time to get their children to school.

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