increase font size
The 15,000 bales on offer from both centres this week saw a slight easing for most types.
New Zealand Wool Services International marketing executive, Malcolm Ching reports that the 15,000 bales on offer from both centres this week saw a slight easing for most types.
Higher volumes than anticipated, a stronger New Zealand dollar and sluggish overseas interest over the past weeks added to the softer tone.
Despite the easier market, 93% sold. The weighted currency indicator lifted 0.83%.
Ching advises that compared to the December 3 sale, Mid Micron Fleece were 2.5 to 4% cheaper.
Compared to the North Island sale of December 10, Fine Crossbred Fleece and Shears were generally 1 to 3% cheaper however some specific types resisted this trend.
Coarse Crossbred good colour fleece remained firm with average and poor styles 1 to 2% easier.
Crossbred Shears were firm to 2% cheaper with good support for the better style shorter wools.
First Lambs eased 1.5 to 3%. Oddments received varied support, ranging from firm to 6% cheaper.
There was good competition with China, Australasia and Western Europe principals supported by Middle East, United Kingdom and India.
The next sale is on January 7, 2016 comprising about 13,000 bales from the North Island.
While wool returns continue in the doldrums, smart sheep farmers are looking for alternatives for a product that currently cost more to get off a sheep's back than it's worth. One such initiative is run by husband and wife team Hayden and Anastasia Tristram who farm at Wanstead in the Central Hawke's Bay. Mark Daniel reports.
New research has provided insight into the functional potential of wool-derived protein, with an initial trial revealing it can influence how the body responds to insulin.
South Canterbury farmer Angela Blair has delivered a petition to Parliament calling on the Government to reverse its decision to fit rural schools with synthetic carpet.
Thousands of students could benefit from a new initiative designed to simplify schools’ access to New Zealand wool carpets for their classrooms.
Wool carpet maker Bremworth's Napier plant remains offline following Cyclone Gabrielle in February, with the future of 136 workers still up in the air.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
