Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
The combined North and South Island wool auction saw a 79% clearance, the highest this season, with prices generally increasing across the board.
An easier New Zealand dollar and slightly improved business activity caused the lift, New Zealand Wool Services International Ltd's general manager, John Dawson reports.
The combined North and South Island offering comprised 13,900 bales. The weighted indicator for the main trading currencies was down 0.85%.
Dawson advises that mid micron fleece, 25 to 30.5 micron, were 1.5 to 2.5% stronger. Fine crossbred fleece, 33 to 35 micron, were 3 to 4% stronger. Longer fine crossbred shears increased 4 to 6% with the shorter types, 2 to 4% dearer.
Coarse crossbred fleece and shears were firm to 3% dearer. A small selection of first lambs were nominally 1 to 2% firmer.
Coarse long oddments remained firm, however the shorter types were strongly contested with 2 to 4 inch wools increasing 6 to 10% and 2 to 3 inch up 2 to 4%.
Widespread interest with China, India and the Middle East dominating, supported by United Kingdom, Western Europe and Australasia.
The rostered sale on August 23 has been cancelled due to poor weather stopping shearing. The next sale is on August 30 comprising about 8400 bales from the South Island.
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.

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