Lamb crop drop
There's been a dramatic and larger than expected drop in the number of lambs produced in New Zealand.
New Zealand Wool Services International's chief executive John Dawson says the North Island auction received mixed support with the stronger NZ dollar having a limited impact in some areas.
Of the 6,500 bales on offer 97.5% sold.
The weighted indicator for the main trading currencies was up 1.35% compared to the last sale on 19th November, accounting for a corresponding local market reduction in some sectors.
Dawson advises that the finer end of the Fine Crossbred Fleece were up to 1.5% dearer with the stronger end buyer's favour.
Fine Crossbred Shears 3 to 5 and 3 to 4 inches were firm to 2.5% cheaper with the shorter lengths firm to 2% dearer.
Coarse Crossbred Full Fleece were 1.5% cheaper with Coarse Shears firm to 2% dearer.
Long Oddments remained firm with shorter oddments 3 to 7% cheaper.
Lambs Fleece were nominally unchanged.
Well spread competition with China and Australasia principals supported by Western Europe, Middle East, India and the United Kingdom.
Next sale on 3 December will comprise of approximately 5,000 bales from the South Island with the North Island sale cancelled due to weather affecting shearing.
Biosecurity Minister Andrew Hoggard says that events over the last few weeks have highlighted the importance of a strong biosecurity system.
In its submission on proposed amendments to the Biosecurity Act, DairyNZ says its levy-paying members invested more than $60 million across the biosecurity system last year, through multiple biosecurity levies across several entities and legislative frameworks to collect this funding.
The Ministry for Primary Industries (MPI) has received 136 submissions on proposed amendments to the Biosecurity Act.
Nick Beeby has been appointed as the new chief executive of the New Zealand Meat Board (NZMB).
Global beef supply will contract this year for the first time since the Covid-19 pandemic, according to Rabobank.
Changes to migrant visa settings announced last month should take a lot of pressure off farmers in the new season, says Federated Farmers immigration spokesman Richard McIntyre.
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