A big win for wool!
State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.
The combined North and South Island sale comprising 14,100 bales saw a 91.2% clearance with an overall firm market tone, says NZ Wool Services International Ltd's general manager, John Dawson.
The weighted indicator for the main trading currencies increased by 0.42% compared to last sale on November 29 with little impact in most areas.
Dawson says recent renewed activity from China has helped stimulate the finer sector of the market with carpet types generally holding their ground.
Mid micron fleece strengthened 1.5 to 5%. Fine crossbred full fleece ranged from firm to 5% stronger. Fine crossbred shears 2 to 4 inches to 3 to 5 inches were generally 2 to 5% dearer with only the shorter types decreasing by up to 3%.
Coarse crossbred fleece and shears were generally firm to buyers favour. First lambs fleece were firm to 2% dearer.
Long oddments were buyers favour with shorter types firm to 4% stronger.
China dominated the market with limited support by Western Europe, Middle East, United Kingdom, India and Australasia.
The next sale on December 13 comprises about 7200 bales from the North Island.
Federated Farmers president Wayne Langford says the 2025 Fieldays has been one of more positive he has attended.
A fundraiser dinner held in conjunction with Fieldays raised over $300,000 for the Rural Support Trust.
Recent results from its 2024 financial year has seen global farm machinery player John Deere record a significant slump in the profits of its agricultural division over the last year, with a 64% drop in the last quarter of the year, compared to that of 2023.
An agribusiness, helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sector, has picked up a top innovation award at Fieldays.
The Fieldays Innovation Award winners have been announced with Auckland’s Ruminant Biotech taking out the Prototype Award.
Following twelve years of litigation, a conclusion could be in sight of Waikato’s controversial Plan Change 1 (PC1).
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