Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
The 4700 bales on offer saw a 74% clearance with mixed results, however all prices paid locally are still above last week’s North Island auction levels, NZ Wool Services International chief executive John Dawson reports.
The weighted currency indicator is up 0.91% having a slight negative impact .
Dawson advises the market continues to be dominated by very targeted buying with better style wools still attracting most attention.
Compared to the last similar South Island selection on November 17;
Merino fleece were 3.5 to 12% dearer.
Mid Micron fleece saw varied results with specific brackets targeted, ranging from 2% cheaper to 3.5% dearer.
Fine crossbred fleece were 4% dearer.
Coarse full fleece and shears were 1 to 4% easier, however compared to last week’s North Island sale were 1 to 7.5% dearer.
Oddments were 3 to 12% cheaper in the South, but compared to the north were 7 to 10% dearer.
Competition was limited with China principals supported by Western Europe, Australasia and the Middle East.
The next sale on December 8 comprises about 9200 bales from the North Island.
An independent report, prepared for Alliance farmer shareholders is backing the proposed $250 million joint venture investment by Irish company Dawn Meats Group.
Whangarei field service technician, Bryce Dickson has cemented his place in John Deere’s history, becoming the first ever person to win an award for the third time at the annual Australian and New Zealand Technician of the Year Awards, announced at a gala dinner in Brisbane last night.
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).
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