Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
The more varied offering at this weeks' South Island auction saw targeted buying with better demand for the longer wools.
New Zealand Wool Services International Ltd's chief executive John Dawson reports that of the 5,800 bales on offer 61% sold, reflecting the general slow-down in new orders coming forward and exporters only buying for immediate requirements.
The continuing strengthening of the New Zealand dollar saw the weighted currency indicator lift 1.87% week on week, limiting market opportunities.
Dawson advises that compared to the South Island sale on June 30, Mid Micron Fleece were 1 to 2.5% cheaper with Fine Crossbred Fleece down 3.5%.
Compared to the North Island sale on July 7, Longer Finer Crossbred Shears were 2 to 4% dearer with shorter shears firm to 1% cheaper.
Coarse Crossbred Full Fleece, good and average styles were 1 to 1.5% easier with poor styles 3 to 5% dearer.
Coarse Second Shears 2 to 4 inches to 3 to 5 inches were 2 to 5% firmer with shorter types firm.
Long Oddments remained firm with good colour short oddments 2 to 4% dearer.
Limited activity with Australasia and Middle East principals, supported by Western Europe, China and India.
Next sale on July 21 comprises about 6,000 bales from the North Island.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
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