Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
The 7400 bales on offer in the North Island today saw strong demand due to the lack of wool as a result of drought and in particular in the South Island wet weather conditions delaying shearing.
New Zealand Wool Services International Ltd's general manager John Dawson says the weighted indicator to the main currencies is unchanged compared to last South Island wool sale.
A reasonable offering of fine crossbred early shorn and second shear 3 to 5 inch and 3 to 4 inch wool of 35 and 36 micron were fully 4% dearer, whilst the shorter 2 to 4 and 2 to 3 inch were only 1% dearer.
Coarse crossbred fleece was 3 to 4% dearer. Coarse crossbred early shorn and second shear 3 to 5 and 3 to 4 inch were fully 3 to 4% dearer, with the shorter 2 to 4 and 2 to 3 inch 1% dearer.
A limited offering of lambs' wool was 2.5% dearer. Combing oddments which were of limited offering were 5% dearer, whilst a good selection of clothing oddments were firm.
Strong competition with China, Australasia Carpet Mills, Europe and the Indian continent.
The next sale on June 27 comprises about 13,000 bales from the North Island and 9500 bales from the South Island.
Meat co-operative, Alliance has met with a group of farmer shareholders, who oppose the sale of a controlling stake in the co-op to Irish company Dawn Meats.
Rollovers of quad bikes or ATVs towing calf milk trailers have typically prompted a Safety Alert from Safer Farms, the industry-led organisation dedicated to fostering a safer farming culture across New Zealand.
The Government has announced it has invested $8 million in lower methane dairy genetics research.
A group of Kiwi farmers are urging Alliance farmer-shareholders to vote against a deal that would see the red meat co-operative sell approximately $270 million in shares to Ireland's Dawn Meats.
In a few hundred words it's impossible to adequately describe the outstanding contribution that James Brendan Bolger made to New Zealand since he first entered politics in 1972.
Dawn Meats is set to increase its proposed investment in Alliance Group by up to $25 million following stronger than forecast year-end results by Alliance.
OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…
OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…