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.
New Zealand Wool Services International Limited's marketing executive, Malcolm Ching, reports that wool prices have continued to decline.
This is despite a slightly easier New Zealand dollar compared to the last sale on 15 October.
The weighted indicator for the main trading currencies came down 0.85 percent. Of the 8,290 bales on offer, 70% sold.
Ching advises that the tightening of the Chinese economy is restricting new business with exporters covering for old orders only, with quota issues restricting concluding new contracts.
Compared to 8th October sale;
Merino Fleece 17 to 18.5 and 22 to 23.5 microns eased 2 to 6% with pressure on 19 to 19.5 microns increasing levels by 4%.
Mid Micron wools were neglected with 24 to 29.5 microns reducing by 8 to 9%.
Compared to 15th October sale;
Fine Crossbred Fleece 31 to 32 microns were 11 to 13% cheaper.
Fine Crossbred Shears 32 to 35 microns were down 1.5 to 3.5%.
Full Fleece coarser than 36 microns were nominally up to 1% easier.
Coarse Shears were 1.5 to 2% down.
Short oddments were 3 to 5% cheaper.
Limited competition with old orders for China dominating the finer wools and Australasia supporting the coarser sector. Limited support from Western Europe, Middle East, United Kingdom and India.
Next sale on 29October comprises of approximately 5,100 bales from the North Island.
European milk processors are eyeing more cheese and milk powder exports into South America following a landmark trade agreement signed last month.
Two European dairy co-operatives are set to merge and create a €14 billion business.
DairyNZ's Kirsty Verhoek ‘walks the talk’, balancing her interests in animal welfare, agricultural science and innovative dairy farming.
"We at Ministry for Primary Industries (MPI) and you at Dairy News said over six months ago that the dairy industry would bounce back, and it has done so with interest.”
Wairarapa sheep and beef farmer Karen Williams is the new chief executive of Irrigation New Zealand.
Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
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