Wool campaign making strides
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
The weakening New Zealand dollar coupled with exporter pressure to meet shipping requirements and limited supply continues to underpin the wool market, says NZWSI.
Marketing executive Paul Steel says that the weighted indicator for the main trading currencies came down 2.14% compared to the last sale on 28th May.
Of the 6,876 bales on offer, 94% sold.
Steel advises that resurgent interest from China saw Mid Micron fleece 24.5 to 31.5 micron increase 6 to 12% with Fine Crossbred Fleece 33 to 35 micron 1.5 to 5% dearer against the last time offered on 21st May.
Compared to last week's North Island offering on the 28th May, Fine Crossbred Shears were 2 to 6% stronger. Good colour Coarse Crossbred Fleece were up to 1.5% firmer, average style eased slightly with poor colour firm.
Coarse Shears were firm to 3% dearer.
First Lambs Fleece received very strong support, lifting 6 to 8%.
Long Oddments were nominally 3% cheaper with good colour short oddments 6 % dearer and poor colour 2 to 3% firmer.
Competition was well spread with China dominating, supported by Australasia, Middle East and Western Europe.
The next sale is due on 11th June and comprises approximately 9,100 bales from the North Island.
However, due to insufficient wool coming forward and no stock wools on hand in brokers stores, the rostered South Island sale on 18th June has been cancelled.
'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.
A Southland farming leader wants the regional council to delay a proposed regional rates hike, much of which is intended to fund flood protection works.
Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
Meat processor ANZCO Foods says despite a challenging business environment, it has posted a net profit before tax of $61 million for 2023.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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