Wool campaign making strides
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
The first wool auction of the 2015/16 season saw a 92% clearance with a slightly softer tone, says NZWI general manager, John Dawson.
The auction, which offered 6800 bales, was made up of 80% short second shear wools.
Despite a weaker New Zealand dollar compared to the last sale on June 25, with the weighted currency indicator down 1.96%, the bulk of the offering was firm to 2% easier.
Dawson says that the seasonal slow-down is due to the approach of European vacation period and well-stocked supply lines in China. This is limiting new orders for wool temporarily.
Fine crossbred shears were firm to 2% cheaper.
Good colour coarse fleece were 1.5% down with average style firm to 1% firmer. Poor styles were up to 1% cheaper. Longer coarse shears were firm to 1% dearer with good colour short types firm to 3% dearer.
Oddments ranged from 2% cheaper to 3.5% dearer.
The auction saw good competition, with exporters continuing to cover orders mainly destined to China, Australasia and Western Europe, supported by India, United Kingdom and the Middle East.
The next sale on July 16 comprises about 7800 bales from the South Island.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.