Furore as Kāinga Ora rules out wool carpets
State housing provider, Kāinga Ora’s decision to rule out the use of wool carpets in social housing has been described as a slap in the face by sheep farmers.
The ongoing fallout from the Brexit result, continued minimal activity from China and a strong New Zealand dollar have compounded to make significant inroads into local wool values.
New Zealand Wool Services International chief executive John Dawson reports the weighted currency indicator compared to last sale lifted 0.66%, however against the GBP the New Zealand dollar strengthened a further 4.4% making a shift of over 13% since the Brexit announcement.
Market sentiment is bearish as many clients take a cautious approach during this unsettled period.
Of the 7500 bales on offer, only 54% sold as buyers become very selective, only covering immediate requirements.
Dawson advises that compared to last sale on June 30:
• Fine crossbred shears were 7 to 10% cheaper.
• A nominal selection of average style coarse full length fleece were 1 to 2% easier with poor style 9% cheaper.
• Coarse early shorn and second shears which made up 62% of the offering were 5.5 to 10% cheaper, with the shorter wools affected the most.
• Coarse Oddments were 3 to 7% easier.
Activity was restricted with exporters only covering requirements for prompt shipment mainly for Australasia and the Middle East, with limited activity for Western Europe, China and India.
Next sale on July 14 comprises about 5600 bales from the South Island, down on anticipated roster due to poor weather.
The first phase of a Ministry for Primary Industries (MPI) investigation into allegations of mistreatment of sheep connected to shearing practices has been completed.
According to Biosecurity New Zealand, legal controls on the movement of fruit and vegetables in the South Auckland suburb of Papatoetoe will remain in place until mid-February.
The rollout of the New Zealand Genetic Evaluation Version 6 is said to mark a step-change in the depth and breadth of genetic information available to both stud and commercial sheep breeders.
With low wool prices, farmer interest in the self-shedding Wiltshire sheep continues to grow.
OPINION: Dairy farmers will be breathing easier thanks to the Government last month delivering a Christmas gift in the form of immigration reforms.
Arable growers are being invited to supply samples of their harvested crops as part of a project which uses an alternative approach to determining how well they are managing their biggest input - fertiliser.
OPINION: The end-of-year booze-up at the posh Northern Club in Auckland must have been a beauty, as the legal 'elite'…
OPINION: It divides opinion, but the House has passed the first reading of the Gene Technology Bill.