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 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.
Farmlands says that improved half-year results show that the co-op’s tight focus on supporting New Zealand’s farmers and growers is working.
Horticulture New Zealand (HortNZ) says that discovery of a male Oriental fruit fly on Auckland’s North Shore is a cause for concern for growers.
Fonterra says its earnings for the 2025 financial year are anticipated to be in the upper half of its previously forecast earnings range of 40-60 cents per share.
Beef + Lamb New Zealand (B+LNZ) is having another crack at increasing the fees of its chair and board members.
Livestock management tech company Nedap has launched Nedap New Zealand.
An innovative dairy effluent management system is being designed to help farmers improve on-farm effluent practices and reduce environmental impact.
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