Declining NZ wool quality raises concerns for exporters, says Patterson
A deterioration in the quality of New Zealand's wool clip is a problem for manufacturers and exporters, says Associate Agriculture Minister Mark Patterson.
Wool prices eased for most types again this week for the North Island, says NZ Wool Services International marketing executive, Malcolm Ching.
The North Island offering was at 6,100 bales with 90 % of the selection sold with most growers meeting the market.
Compared to the last sale on 22nd October, the weighted indicator for the main trading currencies firmed by 0.47%.
This had minimal impact as restricted demand continues to be the main market driver.
Fine Crossbred Full Fleece eased 1.5 to 4% with shorter types ranging from firm to 4% cheaper.
Good colour Coarse Full Fleece came down 3.5% with longer shears 1.5 to 4% easier.
Shorter Shears fared better as local demand underpins them, with 3 to 4 to 2 to 3 inch wools firm to buyers favour.
Good colour Short Oddments were 3.5% easier.
There is limited competition with Europe and China principals for the fine crossbred wools and Australasia is dominating the coarse wools. Limited support from elsewhere.
Next sale on 5th November comprises of approximately 5,400 bales from the South Island.
Farmers appear to be backing the Government's recent Resource Management Act (RMA) reforms announcement.
For the first time, all the big names in agricultural drone technology are being brought together under one marquee at the National Fieldays.
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
The Fieldays Innovation Awards competition has attracted a diverse and impressive array of innovations from across the primary industries, highlighting the growing importance of technology shaping the future of farming.
Coming to the fore following the carnage of Cyclone Gabrielle, Starlink became well known for providing internet access even in NZ's most inaccessible places.
From this winter farmers will have a greater choice of feed types and blend options than ever before, thanks to Farmlands' purchase of animal nutrition company SealesWinslow.
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