Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
WOOL PRICES at yesterday’s (December 15) auction were 2-4% down on last week’s sale, which also saw a drop of about 4% overall.
Wool Services International says this week’s slide was despite the weighted indicator for the main trading currencies being nearly 3% lower, this potential positive factor being “overruled” by current poor market conditions.
WSI marketing executive, Paul Steel, says that apart from Merino wools which had a mixed day with some categories easing slightly and others increasing marginally, the balance of the offering was cheaper, with a 70% clearance.
Mid Micron fleece, which was last offered at the December 1 sale, was 1-4% softer.
Fine crossbred, compared to last week’s sale, was 1.5-2% easier with the longer shears 2-3% weaker. The 2 to 4 inch shears eased between 3% and 5% but shorter types generally only 1% down.
Coarse crossbred fleece and shears, good and average style, were generally 2% easier with the poorer types 4-6% weaker. Long oddments were 5-7% down with the short types 3-5% cheaper.
While prices achieved were down, there was widespread competition at the auction, says WSI, with China and Australasia principals supported by United Kingdom and Europe.
The next sale is December 21 comprising about 9,950 bales from the North Island and 6,450 bales from the South Island.
BNZ says it is backing aspiring dairy farmers through an innovative new initiative that helps make the first step to farm ownership or sharemilking a little easier.
LIC chief executive David Chin says meeting the revised methane reduction targets will rely on practical science, smart technology, and genuine collaboration across the sector.
Lincoln University Dairy Farm will be tweaking some management practices after an animal welfare complaint laid in mid-August, despite the Ministry for Primary Industries (MPI) investigation into the complaint finding no cause for action.
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.

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