Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
The South Island sale of 8565 bales comprising a wide range of wool types saw good support with 78% of the offering selling.
NZ Wool Services International Ltd’s chief executive John Dawson reports the a weakening NZ dollar compared to the main trading currencies saw the weighted indicator easing 1.1% compared to last week, giving a small amount of support to local prices.
Dawson advises pressure for quick shipment of orders and the diverse wool types on offer attracted good support, helping underpin the market.
Compared to last time offered at the South Island sale on September 22 merino fleece 16 to 19 microns were firm to 1.5% cheaper with 20 to 23 microns generally 1.5% easier and mid micron fleece 25 microns were 1% dearer with 25.5 to 29 microns 1 to 4% cheaper.
Compared to the North Island sale on September 29 fine crossbred fleece 32 to 35 microns were firm with early shorn and second shears 3 to 5 and 3 to 4 inches also remaining firm. Shears 2 to 4 inches were 2 to 3.5% cheaper with 2 to 3 inches firm to 1% cheaper.
Coarse crossbred full fleece were firm for good colour and 1% dearer for average colour.
Longer coarse shears were firm with 2 to 4 inches 3.5 to 5.5% cheaper and 2 to 3 inches 2.5% easier.
Short oddments were 4 to 6% cheaper with faulted lines discounted the most.
The next sale on October 20 comprises about 5600 bales from the North Island and 8150 bales from the South Island.
As New Zealand marks International Day of Rural Women today, women from across the horticulture sector are calling attention to the crucial role they play in building a more sustainable, inclusive and climate-resilient industry.
Listed rural trader PGG Wrightson chair Garry Moore and his deputy Sarah Brown have been voted out by shareholders.
It was love that first led Leah Prankerd to dairying.
DairyNZ has appointed Dr Jenny Jago to a newly created leadership team role - science partnerships & impact advisor - as part of a strategic refresh of the organisation's science leadership.
OPINION: Public pressure has led to Canterbury Police rightly rolling back its proposed restructure that would have seen several rural police stations closed in favour of centralised hubs.
When I interview Rachel Cox, she is driving - on her way to her next meeting.
OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…
OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…