Furniture company out to help lift wool prices
New Zealand's strong wool sector is in the doldrums, with record low prices and little hope on the horizon.
A weaker New Zealand dollar, limited wool volumes and renewed client interest, combined to lift local prices across the board says NZWSI general manager, John Dawson.
Of the 6,350 bales on offer, 99% sold.
The weighted indicator for the main trading currencies was down 1.79% compared to the last sale on April 30.
Fine crossbred full fleece and longer shears were 7 to 10% dearer, stimulated by resurgent Chinese interest with shorter types 3 to 6% firmer.
Coarse crossbred full fleece and longer shears were 5 to 11% dearer with shorter types 4 to 8% stronger.
Lambs fleece lifted 4 to 6%. Good colour short oddments were 8% dearer with poorer styles up 8 to 12%.
The sale saw limited competition with China dominating supported by Australasia, Middle East, India and Western Europe.
The next sale is on May 14 and comprises about 4,600 bales from the North Island, down 32% on anticipated rostered volumes.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.