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.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.